Alphabet (GOOG) (GOOGL) Tops Q4 EPS by $3.21

Alphabet (NASDAQ: GOOG) reported Q4 EPS of $30.69, $3.21 better than the analyst estimate of $27.48. Revenue for the quarter came in at $75.33 billion versus the consensus estimate of $72.13 billion.

Sundar Pichai, CEO of Alphabet and Google, said: “Our deep investment in AI technologies continues to drive extraordinary and helpful experiences for people and businesses, across our most important products. Q4 saw ongoing strong growth in our advertising business, which helped millions of businesses thrive and find new customers, a quarterly sales record for our Pixel phones despite supply constraints, and our Cloud business continuing to grow strongly.”

Ruth Porat, CFO of Alphabet and Google, said: “Our fourth quarter revenues of $75 billion, up 32% year over year, reflected broad-based strength in advertiser spend and strong consumer online activity, as well as substantial ongoing revenue growth from Google Cloud. Our investments have helped us drive this growth by delivering the services that people, our partners and businesses need, and we continue to invest in long-term opportunities.”

For earnings history and earnings-related data on Alphabet (GOOG) click here.

You May Also Be Interested In

• Wolfe upgrades AT&T to Outperform as improving fundamentals outweigh Starlink risk
• Origin Bancorp, Inc. (OBK) Tops Q2 EPS by 9c
• TE Connectivity (TEL) PT Lowered to $270 at Oppenheimer