Summary

Alphabet Cl A Beats

Alphabet Cl A (GOOGL) reported 1st Quarter March 2019 earnings of $11.90 per share on revenue of $36.3 billion. The consensus earnings estimate was $10.57 per share on revenue of $30.0 billion. The Earnings Whisper number was $10.83 per share. Revenue grew 16.7% 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.

Earnings Release

Alphabet Announces First Quarter 2019 Results

MOUNTAIN VIEW, Calif. – April 29, 2019 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended March 31, 2019.

"We delivered robust growth led by mobile search, YouTube, and Cloud with Alphabet revenues of $36.3 billion, up 17% versus last year, or 19% on a constant currency basis," said Ruth Porat, Chief Financial Officer of Alphabet and Google. "We remain focused on, and excited by, the significant growth opportunities across our businesses."

Q1 2019 financial highlights

The table below provides summary data to facilitate comparison of current quarter performance to prior period given the announcement on March 20, 2019 by the European Commission (EC) of its decision that certain contractual provisions in agreements that Google had with AdSense for Search partners infringed European competition law and the associated €1.5 billion ($1.7 billion as of March 31, 2019) fine.

For the full press release, please go here