Alphabet beat estimates in Q4

By: Miguel A. Rodriguez

18:13, 17 February 2021

The advertising business was the star of the show

The parent company of Google, Alphabet reported fourth-quarter earnings that topped markets’ expectations.

In the past quarter, the company had an adjusted EPS of $22.30, higher than the $15.90 expected. Revenues also came in higher than estimates, at $56.90 billion. The market was looking for $53.13 billion in revenue.

YouTube ads were a strong point in the quarter, as the revenues generated grew 46% from the same time last year, reaching $6.89 billion.

Its cloud business lost $5.61 billion for the full year, while it went down $1.24 billion at a quarterly level.

 Google, and Alphabet CEO Sundar Pichai expressed his confidence for the future, as the company will continue to invest and expand its businesses to increase profitability.

Following the news, Google stock price added more than 1%.


Share this article

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided.