Alphabet Class A Beats
Alphabet Class A (GOOGL) reported 1st Quarter March 2018 earnings of $9.93 per share on revenue of $31.1 billion. The consensus earnings estimate was $9.21 per share on revenue of $24.3 billion. The Earnings Whisper number was $9.45 per share. Revenue grew 25.8% on a year-over-year basis.
Google Inc is a web search and online advertising company. The Company offers search, online advertising, operating systems and platforms, enterprise and hardware products.
Alphabet Announces First Quarter 2018 Results
MOUNTAIN VIEW, Calif. – April 23, 2018 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial
results for the quarter ended March 31, 2018.
"Our ongoing strong revenue growth reflects our momentum globally, up 26% versus the first quarter of 2017 and 23%
on a constant currency basis to $31.1 billion. We have a clear set of exciting opportunities ahead, and our strong
growth enables us to invest in them with confidence," said Ruth Porat, CFO of Alphabet and Google.
Q1 2018 financial highlights
The following summarizes our consolidated financial results for the quarters ended March 31, 2017 and 2018 (in
millions, except for per share information, percentages, and number of employees; unaudited) with results for the
quarter ended March 31, 2018 affected by gains on equity securities reflected in other income (expense), net (OI&E):
For the full press release, please go here.