Alphabet Class A Beats
Alphabet Class A (GOOGL) reported 1st Quarter March 2017 earnings of $7.97 per share on revenue of $24.8 billion. The consensus earnings estimate was $7.48 per share on revenue of $19.7 billion. The Earnings Whisper number was $7.57 per share. Revenue grew 22.2% 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 First Quarter 2017 Results
MOUNTAIN VIEW, Calif. – April 27, 2017 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended March 31, 2017.
"Our excellent results represent a terrific start to 2017, with revenues up 22% versus the first quarter of 2016 and 24% on a constant currency basis. We clearly continue to benefit from our ongoing investments in product innovation and have great momentum in our new businesses across Alphabet," said Ruth Porat, CFO of Alphabet.
Q1 2017 financial highlights
The following summarizes our consolidated financial results for the quarters ended March 31, 2016 and 2017 (in millions, except for per share information, effective tax rate, and headcount; unaudited):
For the full press release, please go here.