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prensaestatal.com Febrero 21, 2018


Google Parent Alphabet Posts Q4 Loss, EPS Misses Street; Stock Down 5%

02 Febrero 2018, 10:57 | Martinez Canez

Logan Paul YouTube Logan Paul

Logan Paul

Google and Apple, announced their Q4 2017 financials on February 1, 2018, and to no one's surprise, they both posted Billions of profits and even exceeded market analysts' predictions despite the challenges that both companies faced. The information services provider reported $9.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $9.99 by ($0.29).

Alphabet closed out the year on a high note with strong revenues that were driven by the company's prospering internet advertising business, as well as its burgeoning enterprise business, hardware sales, and app store.

Google makes up the bulk of Alphabet, and its revenue jumped to $31.9 billion in the fourth quarter, up from $25.8 billion a year ago. In the year-ago quarter Alphabet posted EPS of $9.36 on revenues of $26.06 billion.

And that growth is set to continue if Pichai's claims on an earning call are to be believed: "We are also increasingly doing larger, more strategic deals with customers". On the earnings call, Google CEO Sundar Pichai said Google's cloud services are generating $1 billion per quarter in revenue, but didn't give specifics.

Google noted that network revenue growth was once again led by its programmatic business, which uses computer algorithms on clients' behalf to purchase ads.

While that's a drop in the bucket for Google parent company Alphabet, which raked in $32.3 billion in GAAP revenues for the quarter, it's a major landmark considering the company's broad focus.

Alphabet reported fourth-quarter loss of $3.02 billion or $4.35 per share, compared to last year's profit of $5.33 billion or $7.56 per share. Shares of the company fell about 5 percent in after-hours, following the news.

"Overall, it was a good quarter".

The smallest segment of the company is Other Bets and it includes Nest, Fiber, Verily, Calico, Waymo and Others.

The California tech giant said revenues in the last three months of 2017 rose 24 percent from a year ago to $32.3 billion and cited "great growth" for the company. Unlike many online publications, we don't have a paywall or run banner advertising, because we want to keep our journalism open, without influence or the need to chase traffic.

The results included sales of the iPhone X for the first time.

Alphabet increased their staffing levels with the headcount rising from 78,101 staff in Q3 2017 to 80,110 in Q4 2017. This $9.9 billion tax expense resulted in a net loss of $3.02 billion, or $4.35 a share, the company said Thursday in a statement.



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