Investing.com - Alphabet A (NASDAQ:GOOGL) reported first quarter earnings that beat analysts' expectations on Monday and revenue that fell short of forecasts.
The firm reported earnings per share of $11.9 on revenue of $36.34B. Analysts polled by Investing.com anticipated EPS of $10.53 on revenue of $37.3B. That compared to EPS of $13.33 on revenue of $31.15B in the same period a year earlier. The company had reported EPS of $12.77 on revenue of $39.28B in the previous quarter.
Alphabet A shares lost 3.82% to trade at $1,246.64 in after-hours trade following the report.
Alphabet A shares lost 3.82% to trade at $1,246.64 in after-hours trade following the report.
For the year, Alphabet A shares are up 24.04%, under-performing the Nasdaq 100 which is up 26.46% year to date.
Alphabet A follows other major Technology sector earnings this month
On Wednesday, Microsoft reported third quarter EPS of $1.14 on revenue of $30.57B, compared to forecasts of EPS of $1 on revenue of $29.88B.
Facebook earnings missed analyst's expectations on Wednesday, with first quarter EPS of $0.85 on revenue of $15.08B. Investing.com analysts expected EPS of $1.62 on revenue of $14.98B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar