Alphabet: beats consensus in Q1
(CercleFinance.com) - On Monday evening, Alphabet, the technology giant and parent company of the Google search engine, unveiled Q1 2018 net profit that was up 73% at 9.
4 billion dollars, meaning EPS of 13.33 dollars per share.
Excluding the effects of a new method of recognizing unrealized gains on investments, Aurel BGC notes that adjusted EPS reached 9.93 dollars, while analysts were expecting an average of just under 9.30 dollars.
Revenues also exceeded expectations at over 31.1 billion dollars (including advertising revenues of 26.6 billion dollars), up 26% (+23% excluding currency effects), although the group 's operating margin fell by five points to 22%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
4 billion dollars, meaning EPS of 13.33 dollars per share.
Excluding the effects of a new method of recognizing unrealized gains on investments, Aurel BGC notes that adjusted EPS reached 9.93 dollars, while analysts were expecting an average of just under 9.30 dollars.
Revenues also exceeded expectations at over 31.1 billion dollars (including advertising revenues of 26.6 billion dollars), up 26% (+23% excluding currency effects), although the group 's operating margin fell by five points to 22%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.