Alphabet Q4 2023 Adj EPS $1.64 Beats $1.59 Estimate, Sales $86.31B Beat $85.33B Estimate
Portfolio Pulse from Benzinga Newsdesk
Alphabet Inc. reported Q4 2023 adjusted earnings per share (EPS) of $1.64, surpassing the analyst estimate of $1.59. Sales for the quarter were $86.31 billion, also exceeding the expected $85.33 billion.
January 30, 2024 | 9:03 pm
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POSITIVE IMPACT
Alphabet Inc. (GOOG) exceeded Q4 2023 earnings and sales forecasts, suggesting robust financial health.
Exceeding earnings and sales expectations is a strong indicator of company performance and often leads to an uptick in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Alphabet Inc. (GOOGL) reported higher-than-expected Q4 2023 earnings and sales, indicating strong financial performance.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100