Google parent company Alphabet now valued higher than Apple after beating Q4 earnings expectations
Google parent company Alphabet beat analyst expectations for its Q4 earnings report as its stock was up nearly 9 percent in after-hours trading. Alphabet posted earnings of $ 8.67 per share on revenue of $ 21.3 billion, which is up 18 percent year-over-year. Wall Street expected earnings of $ 8.09 per share on revenue of $ 20.8 billion. “Our very strong revenue growth in Q4 reflects the vibrancy of our business, driven by mobile search as well as YouTube and programmatic advertising, all areas in which we’ve been investing for many years,” Alphabet CFO Ruth Porat said in a statement. “We’re excited about the opportunities we… Read More
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