“Google parent Alphabet had a slight beat on revenue but missed on earnings per share, sending the stock down about 4% in after-hours trading,” Jessica Guynn reports for USA Today.
“Alphabet reported $17.26 billion in revenue. Analysts had forecast revenue of $16.57 billion, excluding payments to advertising partners,” Guynn reports. “It reported earnings per share excluding certain items of $7.50. Analysts had expected $7.96, according to S&P Global Market Intelligence.”
Alphabet Inc. on Thursday reported first-quarter profit of $4.21 billion.
Read more in the full article here.
MacDailyNews Take: In after hours trading, Google shares are down $47.29, or -6.23%, to $711.85 @ 4:19PM EDT for a market value of $522.53 billion.
Ahhhhh, and only -6.23%.
No doubt this will cause AAPL to fall dramatically.
AAPL has already fallen dramatically. Over the last couple of days AAPL is down over 6%, but compared to several months ago it is down over 22%.
GOOGL and MSFT were trading near their all time highs, so a 3-5% drop is a pffff.
Nope. After hours, AAPL is at 105.20.
Let’s look forward to April 26th when Apple provides their quarterly results.
And the losses for Nest, Motorola, and Army Dog haven’t even been accounted for.
Peak Google!