Alphabet (GOOGL) - Get Reportreported earnings yesterday after the market closed. The tech giant missed on the top line, posting GAAP earnings per share of $10.12, missing Wall Street estimates of $12.32. However, they did beat on revenue with $40.5 billion versus analysts estimates of $40.307.
Shares of Alphabet dropped following the release, but Jim Cramer thinks that the market got this one wrong:
"They don't, they don't care about the quarter and they make it so that if you care about the quarter, you're gonna lose money.11 analysts follow it, 10 boosted the price target. That's all you need to know. Stock should be up, not down."
Watch the video above to see what else Cramer had to say about Alphabets earnings.
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