Alphabet Class A Misses
Alphabet Class A (GOOGL) reported 2nd Quarter June 2017 earnings of $5.01 per share on revenue of $26.0 billion. The consensus earnings estimate was $4.39 per share on revenue of $20.8 billion. The Earnings Whisper number was $8.30 per share. Revenue grew 21.0% on a year-over-year basis.
Google Inc is a web search and online advertising company. The Company offers search, online advertising, operating systems and platforms, enterprise and hardware products.
Alphabet Announces Second Quarter 2017 Results
MOUNTAIN VIEW, Calif. – July 24, 2017 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended June 30, 2017.
"With revenues of $26 billion, up 21% versus the second quarter of 2016 and 23% on a constant currency basis, we're delivering strong growth with great underlying momentum, while continuing to make focused investments in new revenue streams," said Ruth Porat, CFO of Alphabet.
Q2 2017 financial highlights
In order to facilitate comparison of current quarter performance to prior periods, this summary table highlights the impact of the $2.7 billion European Commission (EC) fine, which was accrued in Q2 2017:
For the full press release, please go here