Investing.com - Alphabet A (NASDAQ:GOOGL) reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Alphabet A announced earnings per share of $9.87 on revenue of $41.16B. Analysts polled by Investing.com anticipated EPS of $10.71 on revenue of $40.99B. That with comparison to EPS of $9.5 on revenue of $36.34B in the same period a year before.Alphabet A had reported EPS of $15.35 on revenue of $46.08B in the previous quarter.Analysts are expecting EPS of $9.17 and revenue of $39.15B in the upcoming quarter.
Alphabet A shares are down 7% from the beginning of the year and are trading at $1,275.00 , down-from-52-week-high.They are outperforming the S&P 500 which is down 11.74% year to date.
Alphabet A shares gained 3.46% in after-hours trade after the report.
Alphabet A follows other major Technology sector earnings this month
Alphabet A's report follows an earnings missed by Alphabet C on Tuesday, who reported EPS of $9.87 on revenue of $41.16B, compared to forecasts EPS of $10.73 on revenue of $40.99B.
Taiwan Semiconductor had matched expectations on Saturday with first quarter EPS of $0.75 on revenue of $10.35B, compared to forecast for EPS of $0.75 on revenue of $10.32B.
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