“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.
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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.