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Alphabet Inc. (GOOGL) Q4 Earnings Miss Estimates, Revenues Climb 24%
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Alphabet Inc. (GOOGL - Free Report) just released its fourth-quarter fiscal 2017 financial results, posting adjusted earnings of $9.70 per share and total revenues of $32.3 billion.
Currently, GOOGL is a Zacks Rank #3 (Hold), and is down 4.67% to $1,126.37 per share in trading shortly after its earnings report was released.
Alphabet:
Missed earnings estimates. Alphabet reported adjusted earnings of $9.70 cents per share, missing the Zacks Consensus Estimates of $10.12 per share. Factoring in a one-time charge related to the U.S. Tax Cuts and Jobs Act, Alphabet saw a loss of $4.35 per share in the quarter.
Beat revenue estimates. The company reported total revenues of $32.3 billion. Taking out revenues of Google Network Members, the company saw revenue figures of $27.327 billion, beating our consensus estimate of $25.65 billion. Total revenues increased 24% year-over-year.
Operating income was $7.664 billion for Q4, while operating margin came in at 24%.
Alphabet said that aggregate paid clicks increased 43% year-over-year, but the aggregate cost-per-click was down 14% in that same time frame.
“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 CFO Ruth Porat.
Check out Alphabet’s historic earnings performance:
Alphabet Inc. is engaged in technology business. The Company provides web-based search, advertisements, maps, software applications, mobile operating systems, consumer content, enterprise solutions, commerce and hardware products through its subsidiaries. Alphabet Inc., formerly known as Google Inc., is headquartered in Mountain View, California.
Want more analysis from this author? Make sure to follow @Ryan_McQueeneyon Twitter!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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Alphabet Inc. (GOOGL) Q4 Earnings Miss Estimates, Revenues Climb 24%
Alphabet Inc. (GOOGL - Free Report) just released its fourth-quarter fiscal 2017 financial results, posting adjusted earnings of $9.70 per share and total revenues of $32.3 billion.
Currently, GOOGL is a Zacks Rank #3 (Hold), and is down 4.67% to $1,126.37 per share in trading shortly after its earnings report was released.
Alphabet:
Missed earnings estimates. Alphabet reported adjusted earnings of $9.70 cents per share, missing the Zacks Consensus Estimates of $10.12 per share. Factoring in a one-time charge related to the U.S. Tax Cuts and Jobs Act, Alphabet saw a loss of $4.35 per share in the quarter.
Beat revenue estimates. The company reported total revenues of $32.3 billion. Taking out revenues of Google Network Members, the company saw revenue figures of $27.327 billion, beating our consensus estimate of $25.65 billion. Total revenues increased 24% year-over-year.
Operating income was $7.664 billion for Q4, while operating margin came in at 24%.
Alphabet said that aggregate paid clicks increased 43% year-over-year, but the aggregate cost-per-click was down 14% in that same time frame.
“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 CFO Ruth Porat.
Check out Alphabet’s historic earnings performance:
Alphabet Inc. Price, Consensus and EPS Surprise
Alphabet Inc. Price, Consensus and EPS Surprise | Alphabet Inc. Quote
Alphabet Inc. is engaged in technology business. The Company provides web-based search, advertisements, maps, software applications, mobile operating systems, consumer content, enterprise solutions, commerce and hardware products through its subsidiaries. Alphabet Inc., formerly known as Google Inc., is headquartered in Mountain View, California.
Want more analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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