Investing.com - Alphabet A (NASDAQ:GOOGL) reported on Monday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Alphabet A announced earnings per share of $15.35 on revenue of $46.08B. Analysts polled by Investing.com anticipated EPS of $12.5 on revenue of $46.91B. That with comparison to EPS of $12.77 on revenue of $39.28B in the same period a year before.Alphabet A had reported EPS of $10.12 on revenue of $40.5B in the previous quarter.Analysts are expecting EPS of $12.32 and revenue of $43.23B in the upcoming quarter.
Alphabet A shares are up 10% from the beginning of the year and are trading at $1,425.00 , down-from-52-week-high.They are outperforming the Nasdaq which is up 2.59% year to date.
Alphabet A shares lost 3.91% in after-hours trade following the report.
Alphabet A follows other major Technology sector earnings this month
Alphabet A's report follows an earnings beat by Apple on Tuesday, January 28, 2020, who reported EPS of $4.99 on revenue of $91.82B, compared to forecasts EPS of $4.54 on revenue of $88.51B.
Microsoft had beat expectations on Wednesday with second quarter EPS of $1.51 on revenue of $36.91B, compared to forecast for EPS of $1.05 on revenue of $32,512M.
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