Alphabet (Google) Q4 Earnings: Revenue Beat, EPS Beat, Core Business Benefitting From AI — 'The Best Is Yet To Come'
Portfolio Pulse from Adam Eckert
Alphabet Inc (NASDAQ:GOOG) reported Q4 earnings with a revenue increase of 13% year-over-year to $86.31 billion, surpassing the consensus estimate of $85.33 billion. Adjusted earnings were $1.64 per share, beating estimates of $1.59 per share. Google Search, YouTube, and Google Cloud showed strong performance, benefiting from AI investments. Alphabet is optimizing its global office space and remains focused on cost re-engineering while investing in growth opportunities. Despite positive results, Alphabet's stock was down 4.21% after hours.
January 30, 2024 | 9:22 pm
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Alphabet's Q4 earnings exceeded expectations with significant revenue growth and EPS beat, indicating strong performance in core businesses. However, the stock experienced a post-earnings dip in after-hours trading.
Despite Alphabet's positive earnings report, the after-hours stock price decline suggests a short-term negative impact. This could be due to profit-taking, market expectations of even stronger results, or concerns about broader market conditions.
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