Alphabet Class A Misses
Alphabet Class A (GOOGL) reported 4th Quarter December 2016 earnings of $9.56 per share on revenue of $26.1 billion. The consensus earnings estimate was $9.65 per share on revenue of $20.5 billion. The Earnings Whisper number was $10.00 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 Fourth Quarter and Fiscal Year 2016 Results
MOUNTAIN VIEW, Calif. – January 26, 2017 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter and fiscal year ended December 31, 2016.
“Our growth in the fourth quarter was exceptional -- with revenues up 22% year on year and 24% on a constant currency basis. This performance was led by mobile search and YouTube. We’re seeing great momentum in Google’s newer investment areas and ongoing strong progress in Other Bets,” said Ruth Porat, CFO of Alphabet.
Q4 2016 financial highlights
The following summarizes our consolidated financial results for the quarters ended December 31, 2015 and 2016 (in millions, except for per share information; unaudited):
For the full press release, please go here