4 Feb
2020
4 Feb
'20
2:28 p.m.
Kind of fun to read this report https://www.aljazeera.com/ajimpact/alphabet-shares-fall-google-misses-sales-200203222605472.html, saying Google’s parent company Alphabet had its “worst fourth-quarter revenue growth since 2015”.
Then you look at the numbers, showing ad revenue was up about 17% year-on-year, and while costs also went up:
That left profit of $10.67bn, or $15.35 per share, compared with the analysts' average estimate of $8.787bn, or $12.53 per share.
That’s right, Google was substantially *more* profitable than analysts were expecting. And yet its share price still apparently fell 3% after the news came out.
That’s Wall Street for you...
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Lawrence D'Oliveiro