Alphabet beats fourth-quarter estimates, stock still drops

Alphabet beats fourth-quarter estimates, stock still drops

5 years ago
Anonymous $Dftgs0JzgE

https://www.sfchronicle.com/business/article/Alphabet-beats-fourth-quarter-estimates-stock-13588780.php

Google parent company Alphabet beat Wall Street expectations for its fourth quarter earnings Monday, although its stock slid in after-hours trading. Meanwhile, Gilead Sciences reported fourth-quarter net income of $3 million, after reporting a loss in the same period a year earlier.

The company reported profit of $8.9 billion on revenue of $39.3 billion.