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Google Parent Alphabet’s Stock Falls Despite Better-Than-Expected Earnings
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Alphabet’s stock is up more than 50% this year through Monday. (Marlena Sloss/Bloomberg News)
Google parent Alphabet’s shares (GOOG, GOOGL) declined about 4% postmarket Tuesday after the tech giant released quarterly earnings results.
Here is what Alphabet reported, versus FactSet consensus estimates:
Revenue of $76.69 billion, versus $75.955 billion
Net income of $19.69 billion, versus $18.52 billion expected
Earnings of $1.55 per share, versus $1.45 per share expected
