Google parent Alphabet posts mixed 4Q results; profit soars

Google parent Alphabet posts mixed 4Q results; profit soars

5 years ago
Anonymous $-riAjkQg_1

https://apnews.com/436a1bd213c1b4319181eec2690877f8

SAN FRANCISCO (AP) — Google's revenue didn't grow as much as what Wall Street expected, sending parent company Alphabet's stock down more than 4%, even as profits beat expectations.

Alphabet said Monday it earned $10.7 billion, or $15.35 per share, in the final three months of 2019. That's up 19% from $8.9 billion, or $12.77 per share, a year earlier and more than the $12.49 a share analysts polled by FactSet were expecting.