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2/4/2019, 10:02 PM (Source: TeleTrader)
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Alphabet posts revenue of $39.2B in Q4, up 22% YoY

Google's parent company, Alphabet Inc. announced on Monday its revenue for the last three months of 2018 amounted to $39.2 billion, an increase of 22% compared to the same period last year. Company's earnings per share for the fourth quarter of 2018 stood at $12.77, improving from the loss of $4.35 from the same quarter of 2017, while the net income amounted to $8.94 billion, compared to last year's reported loss of $3 billion.

Alphabet's revenue for the entire 2018 stood at $136.8 billion, 23% higher on an annual basis. The tech titan's net income amounted to $30.7 billion, up 58.8% compared to the previous year, whereas its earnings per share reached the figure of $43.7, 142% higher compared to 2017.

"In 2018 we delivered strong revenue growth, up 23% year over year to $136.8 billion, and up 22% for the fourth quarter to $39.3 billion," said Ruth Porat, Chief Financial Officer of Alphabet and Google. "With great opportunities ahead, we continue to make focused investments in the talent and infrastructure needed to bring exceptional products and experiences to our users, advertisers and partners around the globe."

Alphabet Class A shares dropped 3% in the after-hours trading.

Breaking the News / GG