2/2, 10:04 PM (Source: TeleTrader)
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Alphabet: Q4 EPS down 31% to $1.05

Alphabet Inc. announced on Thursday that its diluted earnings per share (EPS) stood at $1.05 in the fourth quarter of fiscal 2022, representing a 31% drop compared to the same period a year ago. Revenues amounted to $76.05 billion in the fourth three-month period, marking a 1% increase from the corresponding trimester last year. Operating income stood at $18.16 billion, down 17% compared to the fourth quarter of 2021.

Full-year 2022 revenues were $282.8 billion, a figure 10% higher than in 2021. Operating income amounted to $74.8 billion in 2022, losing 5% in comparison to the previous year, while diluted earnings per share decreased by 18% to $4.56 in the 12-month period ending with December 31, 2022.

The company's Class A shares declined 3.81% and Class C stock lost 4.74% in extended trading following the release of the report.

Baha Breaking News (BBN) / MS