Investing.com - Alphabet A (NASDAQ:GOOGL) reported second quarter earnings that beat analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $14.21 on revenue of $38.94. Analysts polled by Investing.com anticipated EPS of $11.1 on revenue of $38.16B. That compared to EPS of $11.75 on revenue of $32.66B in the same period a year earlier. The company had reported EPS of $9.5 on revenue of $36.34B in the previous quarter.
Alphabet A shares gained 5.29% to trade at $1,197.00 in after-hours trade following the report.
For the year, Alphabet A shares are up 8.8%, under-performing the Nasdaq 100 which is up 27.93% year to date.
Alphabet A follows other major Technology sector earnings this month
On Thursday, July 18, 2019, Microsoft reported fourth quarter EPS of $1.37 on revenue of $33.72B, compared to forecasts of EPS of $1.21 on revenue of $32.77B.
Alphabet C earnings beat analyst's expectations on Thursday, with second quarter EPS of $14.21 on revenue of $38.94B. Investing.com analysts expected EPS of $11.1 on revenue of $38.16B
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