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Alphabet Inc. (NASDAQ:GOOGL)(NASDAQ:GOOG) shares are trading lower after the company reported fourth-quarter earnings on Monday.
Alphabet reported quarterly earnings of $15.35 per share, which beat the analyst consensus estimate of $12.53. This is a 20% increase over earnings of $12.77 per share from the the same period last year. The company reported quarterly sales of $46.075 billion, which missed the analyst consensus estimate of $46.94 billion. This is a 17.3% increase over sales of $39.276 billion in the same period last year.
Alphabet reported total traffic acquisition cost $8.501 billion versus the $7.436 billion in the same quarter last year.
Alphabet reported operating margin 20%, down from 21% year on year. The company reported Google Cloud revenue at $2.61 billion, up from $1.7 billion year on year.
Alphabet Class A shares traded lower by 4.3% in Monday's after-hours session. The stock closed at $1,482.60 per share.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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