Markets

Alphabet Inc. (GOOGL) Stock Slumps on Q4 Earnings Miss

A generic image of a pen a chart
Credit: Shutterstock photo

Alphabet Inc. (GOOGL) just released its fourth-quarter fiscal 2016 earnings results, posting earnings of $7.56 per share and revenue of $26.064 billion.

GOOGL was down 2.22% to $837.99 in after-hours trading shortly after its earnings report was released.

Currently, GOOGL has a Zacks Rank #2 (Buy), but it is subject to change following the release of the company's latest earnings report. Here are 5 key statistics from this just announced report below.

Alphabet Inc:

Missed earnings estimates . The company posted earnings of $7.56 per share, missing our Zacks Consensus Estimate of $7.65 per share.

Beat revenue estimates . The company saw revenue figures of $26.064 billion. Taking out commissions of $4.848 billion paid to Google Network Members, Alphabet posted revenue of $21.26 billion, beating our estimate of $20.583 billion.

Revenues were up 22% year-over-year and 16% quarter-over-quarter.

Alphabet did comment on the Google Pixel phone or provide guidance in the earnings report itself.

"Our growth in the fourth quarter was exceptional -- with revenues up 22% year on year and 24% on a constant currency basis. This performance was led by mobile search and YouTube. We're seeing great momentum in Google's newer investment areas and ongoing strong progress in Other Bets, said CFO Ruth Porat.

Here's a graph that looks at Alphabet's recent earnings performance:

Alphabet Inc. Price, Consensus and EPS Surprise

Alphabet Inc. Price, Consensus and EPS Surprise | Alphabet Inc. Quote

Alphabet Inc., formerly known as Google, is engaged in the technology business. The company provides web-based search, advertisements, maps, software applications, mobile operating systems, consumer content, enterprise solutions, commerce and hardware products through its subsidiaries.

Check back later for our full analysis onAlphabet's latest earnings report!

Long-Term Buys You Won't See in the News

The stocks you see in today's headlines may not be in the news tomorrow or next week. If you're looking for profitable long-term investments, you may be interested to see what Zacks Research is recommending to our private members. These moves have double and triple-digit profit potential. Starting now, you can look inside our stocks under $10, home run and value stock portfolios, plus more. Want a peek at this exclusive information? Click here>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Alphabet Inc. (GOOGL): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

GOOGL

Other Topics

Earnings

Latest Markets Videos

    Zacks

    Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

    Learn More