Alphabet Inc Posts 17% Annual Revenue Growth, Misses Analyst Estimates
https://wccftech.com/alphabet-annual-revenue-growth-estimate/
Search engine giant Google's parent company Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) has announced its earnings results for the fourth quarter of and full fiscal year 2019. The company has reported revenues of $161 billion for the full year 2019, marking a growth of 18% over its revenues reported in 2018. For the fourth quarter of 2019, Alphabet Inc has reported $46 billion in revenues, marking a 17% growth over the year-ago quarter. Heading into today's earnings, analysts expected Alphabet to post $46.8 billion in revenue, and by reporting $46.075 billion for the fourth quarter, the company falls below these estimates.
Wall Street also forecasted Alphabet's earnings per share at $12.76 for the quarter. At that end, Alphabet has beaten these estimates, with the company's earnings per share for the quarter standing at $15.35. For the full fiscal year 2019, Alphabet's earnings per share stood at $49.16.