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Shares of the Parent Slide Google, profit hit, but Revenue Misses On


© Reuters. – Class A shares alphabet, corporate search giant Google father, served after hours Monday after the company reported that in the first quarter exceeded analysts' expectations, but revenue that fell short of forecasts.

Alphabet (NASDAQ 🙂 stock fell 4.6% after hitting new closing and 52-week high in regular trading on the date when and the Nasdaq ended at a record high.

Alphabet reported earnings per share of $ 11.90 and revenue of $ 36.34 billion. Analysts polled expected a profit of $ 10.53 and revenue of $ 37.3 billion. Revenue fell by 10.7% compared with a year earlier if the alphabet earned $ 13.33 to a profit of $ 31150000000. The Company reported revenue of $ 12.77 and revenue of $ 39.28 billion in the fourth quarter of 2018.

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