Google Shares Fall on Revenue Miss-Earnings Live Blog
Alphabet GOOGL shares were falling after the close on Monday after the tech giant missed revenue estimates for the fourth quarter.
The parent company of Google reported revenue of $46.08 billion versus a $46.93 billion consensus while EPS of $15.35 beat a $12.49 consensus. Shares were declining 3.3% to $1,437.00 in after-hours trading.
Notably, Alphabet also broke out YouTube ad revenues ($4.72 billion) and Google Cloud revenues ($2.61 billion) for the first time. Monday's earnings report was the first since Sundar Pichai was elevated from CEO of Google to the CEO of Alphabet.
Eric Jhonsa, TheStreet and Real Money's tech columnist, is analyzing Alphabet's fourth quarter earnings report, as well as its call with analysts, scheduled for 5:00 p.m. E.T.