Analysts ‘earnings and profits for the last quarter exceeded analysts’ estimates, as reported by foreign news agencies.
In particular, Google’s parent company announced that total sales jumped 32% to $ 75.3 billion in the last quarter, easily exceeding analysts’ estimates for $ 72 billion.
Google’s revenue was $ 74.9 billion, compared with analysts’ estimates of $ 71.65 billion.
At the same time, advertising revenue for the fourth quarter rose 32.5% to $ 61.2 billion compared to analysts’ average estimates of $ 57.1 billion. At the same time, Google Cloud increased its revenue by 45% to $ 5.5 billion
Alphabet’s quarterly earnings were $ 20.6 billion, or $ 30.69 a share, up from $ 15.2 billion, or $ 22.30 a year a year earlier, beating estimates at $ 27.56. per share, with the company recording record profits for the fourth consecutive quarter.
The company also announced that it will proceed with a split of shares with a ratio of 20-1 next July, if approved by the shareholders.
Alphabet shares jumped more than 6% in electronic trading after the announcement of the results.
Source: Capital
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