Summary
Alphabet Cl A Beats
Alphabet Cl A (GOOGL) reported 1st Quarter March 2024 earnings of $1.89 per share on revenue of $80.5 billion. The consensus earnings estimate was $1.49 per share on revenue of $78.6 billion. The Earnings Whisper number was $1.55 per share. Revenue grew 15.4% on a year-over-year basis.
Google Inc is a web search and online advertising company. The Company offers search, online advertising, operating systems and platforms, enterprise and hardware products.
Results
Reported Earnings
$1.89
Earnings Whisper
$1.55
Consensus Estimate
$1.49
Reported Revenue
$80.54 Bil
Revenue Estimate
$78.61 Bil
Growth
Earnings Growth
Revenue Growth
Earnings Release
Alphabet Announces First Quarter 2024 Results
MOUNTAIN VIEW, Calif. – April 25, 2024 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended March 31, 2024.
Sundar Pichai, CEO, said: “Our results in the first quarter reflect strong performance from Search, YouTube and Cloud. We are well under way with our Gemini era and there’s great momentum across the company. Our leadership in AI research and infrastructure, and our global product footprint, position us well for the next wave of AI innovation.”
Ruth Porat, President and Chief Investment Officer; CFO said: “Our strong financial results for the first quarter reflect revenue strength across the company and ongoing efforts to durably reengineer our cost base. We delivered revenues of $80.5 billion, up 15% year-on-year, and operating margin expansion.”
For the full earnings release, please go here/
