Andrej Sokolow/picture alliance via Getty

Alphabet (GOOGL - Get Report) shares were declining after-hours on Monday in spite of the company beating both top and bottom line estimates for the fourth quarter.

The internet giant reported earnings per share of $12.77 versus a $10.86 consensus estimate, while revenue of $31.84 billion beat a $31.3 billion estimate.Total revenue rose 22% year-over-year and 23% in constant currency, while revenue on Google's own properties (including traffic acquisition costs) rose 22% to $27 billion.

Shares of Alphabet were falling 3% to $1,099.52 after hours.

TheStreet's tech columnist, Eric Jhonsa, is live blogging the company's earnings report and call with analysts, which is scheduled for 4:30 p.m. ET. To submit questions, please click the comment icon on the upper left of the chat window, sign in and send in your question.