© Reuters. Alphabet A Earnings, Revenue Miss in Q1
Investing.com – Alphabet A (NASDAQ:) reported on Tuesday first quarter that missed analysts’ forecasts and revenue that fell short of expectations.
Alphabet A announced earnings per share of $24.62 on revenue of $68.01B. Analysts polled by Investing.com anticipated EPS of $25.89 on revenue of $68.08B.
Alphabet A shares are down 19% from the beginning of the year, still down 21.71% from its 52 week high of $3,030.93 set on February 2. They are under-performing the Dow Jones which is down 8.53% from the start of the year.
Alphabet A shares lost 4.02% in after-hours trade following the report.
Alphabet A follows other major Communication Services sector earnings this month
Alphabet A’s report follows an earnings missed by Alphabet C on Tuesday, who reported EPS of $24.62 on revenue of $68.01B, compared to forecasts EPS of $25.75 on revenue of $68.08B.
Verizon had beat expectations on Friday with first quarter EPS of $1.35 on revenue of $33.55B, compared to forecast for EPS of $1.34 on revenue of $33.61B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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