Alphabet Inc. (GOOGL) Q4 Earnings Miss Estimates, Revenues Climb 24%

Alphabet Inc. ( (NASDAQ:GOOG) ) just released its fourth-quarter fiscal 2017 financial results, posting adjusted earnings of $9.70 per share and total revenues of $32.3 billion.

Currently, GOOGL is a Zacks Rank #3 (Hold), and is down 4.67% to $1,126.37 per share in trading shortly after its earnings report was released.

Alphabet:

Missed earnings estimates. Alphabet reported adjusted earnings of $9.70 cents per share, missing the Zacks Consensus Estimates of $10.12 per share. Factoring in a one-time charge related to the U.S. Tax Cuts and Jobs Act, Alphabet saw a loss of $4.35 per share in the quarter.

Beat revenue estimates. The company reported total revenues of $32.3 billion. Taking out revenues of Google Network Members, the company saw revenue figures of $27.327 billion, beating our consensus estimate of $25.65 billion. Total revenues increased 24% year-over-year.

Operating income was $7.664 billion for Q4, while operating margin came in at 24%.

Alphabet said that aggregate paid clicks increased 43% year-over-year, but the aggregate cost-per-click was down 14% in that same time frame.

“Our business is driving great growth, with 2017 revenues of $110.9 billion, up 23% year on year, and fourth quarter revenues of $32.3 billion, up 24% year on year. Our full year operating income growth continues to underscore our core strength, and on top of this, we continue to make substantial investments for the long-term in exciting new businesses,” said CFO Ruth Porat.

Check out Alphabet’s historic earnings performance:

Alphabet Inc. Price, Consensus and EPS Surprise

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

Alphabet Inc. is engaged in 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. Alphabet Inc., formerly known as Google Inc (NASDAQ:GOOGL)., is headquartered in Mountain View, California.

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