Alphabet Inc reports results for the quarter ended December 31 - Earnings Summary

• Alphabet Inc GOOG.OQ reported quarterly adjusted earnings of $2.15​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $1.64. The mean expectation of thirty seven analysts for the quarter was for earnings of $2.13 per share. Wall Street expected results to range from $1.84 to $2.42 per share.
• Revenue rose 11.8% to $96.47 billion from a year ago; analysts expected $96.65 billion.
• Alphabet Inc's reported EPS for the quarter was $2.15​.
• The company reported quarterly net income of $26.54 billion.
• Alphabet Inc shares had risen by 6.4% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.6% in the last three months.​
• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."
• The average consensus recommendation for the online services peer group is also "buy"

Wall Street's median 12-month price target for Alphabet Inc is $216.50

This summary was machine generated from LSEG data February 4 at 10:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)