Alphabet Class A Misses
Alphabet Class A (GOOGL) reported 4th Quarter December 2017 earnings of $9.70 per share on revenue of $32.3 billion. The consensus earnings estimate was $10.12 per share on revenue of $25.7 billion. The Earnings Whisper number was $10.35 per share. Revenue grew 24.0% on a year-over-year basis.
Google Inc is a web search and online advertising company. The Company offers search, online advertising, operating systems and platforms, enterprise and hardware products.
Alphabet Announces Fourth Quarter and Fiscal Year 2017 Results
MOUNTAIN VIEW, Calif. – February 1, 2018 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial
results for the quarter and fiscal year ended December 31, 2017.
"Our business is driving great growth, with 2017 revenues of $110.9 billion, up 23% year on year, and fourth quarter
revenues of $32.3 billion, up 24% year on year. Our full year operating income growth continues to underscore our
core strength, and on top of this, we continue to make substantial investments for the long-term in exciting new
businesses," said Ruth Porat, CFO of Alphabet.
For the full press release, please go here.