{"id":111983,"date":"2021-02-09T21:27:30","date_gmt":"2021-02-09T21:27:30","guid":{"rendered":"https:\/\/precoinnews.com\/?p=111983"},"modified":"2021-02-09T21:27:30","modified_gmt":"2021-02-09T21:27:30","slug":"google-parent-alphabet-q4-results-top-wall-street-view-shares-up-7","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/google-parent-alphabet-q4-results-top-wall-street-view-shares-up-7\/","title":{"rendered":"Google Parent Alphabet Q4 Results Top Wall Street View; Shares Up 7%"},"content":{"rendered":"<p> Alphabet Inc. (GOOG,GOOGL), the parent company of Google, Tuesday reported a fourth-quarter profit and revenues that trumped Wall Street estimates, sending its shares up 7% in after-hours trading.<\/p>\n<p>Alphabet reported fourth-quarter profit of $15.23 billion or $22.30 per share, up from last year&#8217;s profit of $10.67 billion or $15.35 per share. On average, 29 analysts polled by Thomson Reuters estimated earnings of $15.99 per share for the quarter. Analysts&#8217; estimates typically exclude one-time items.<\/p>\n<p>Revenues for the quarter grew 23 percent to $56.90 billion from $46.08 billion last year. Analysts had a consensus revenue estimate of $53.15 billion for the quarter.<\/p>\n<p>Google advertising revenues rose to $46.20 billion from $37.93 billion last year, while Google other revenues increased to $6.67 billion from $5.26 billion. Google cloud revenues increased to $3.83 billion from $2.61 billion last year.<\/p>\n<p>CEO Sundar Pichai said: &#8220;Our strong results this quarter reflect the helpfulness of our products and services to people and businesses, as well as the accelerating transition to online services and the cloud.&#8221; <\/p>\n<p>CFO Ruth Porat said: &#8220;Our strong fourth quarter performance, with revenues of $56.9 billion, was driven by Search and YouTube, as consumer and <span>business<\/span> activity recovered from earlier in the year. Google Cloud revenues were $13.1 billion for 2020, with significant ongoing momentum, and we remain focused on delivering value across the growth opportunities we see.&#8221; <\/p>\n<p>GOOG closed Tuesday&#8217;s trading at $1,927.51, up $26.16 or 1.38%, on the Nasdaq. The stock further gained $2,068.00, up $140.49 or 7.29%, in the after-hours trade. <\/p>\n<p>Source: <a href=\"https:\/\/www.rttnews.com\/3166083\/google-parent-alphabet-q4-results-top-wall-street-view-shares-up-7.aspx?type=ts\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Alphabet Inc. (GOOG,GOOGL), the parent company of<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Google Parent Alphabet Q4 Results Top Wall Street View; Shares Up 7% - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/business\/google-parent-alphabet-q4-results-top-wall-street-view-shares-up-7\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Google Parent Alphabet Q4 Results Top Wall Street View; Shares Up 7% - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Alphabet Inc. 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