Alphabet Hits Revenue Goals But Fails to Match YouTube Ad Revenue
More news - Breaking news
Google parent company Alphabet reported its second-quarter results after the market closed on Tuesday, meeting analysts’ expectations for revenue and profit but falling short on YouTube advertising revenue.
Following the announcement, Alphabet shares rose about 1% in after-hours trading.
Here's how the company performed against analyst estimates reviewed by LSEG:
Earnings: $1.89 per share vs. $1.84 per share expectedRevenue: $84.74 billion vs. $84.19 billion expectedAdditional key figures tracked by Wall Street:
YouTube Ad Revenue: $8.66 Billion vs. $8.93 Billion, According to StreetAccountGoogle Cloud Revenue: $10.35 Billion vs. $10.20 Billion, StreetAccountTraffic Acquisition Cost (TAC): $13.39 billion vs. $13.54 billion according to StreetAccountAlphabet’...