For the first time in two years, Google's parent company posted lower-than-expected earnings
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| Google's parent company posted lower-than-expected earnings |
Here's how the company's main figures have changed over time, as well as what analysts predicted:
Revenue: $68 billion (+23%), up from $68.1 billion expected; earnings per share: $24.6 (-6%), down from $25.9.
Because of a revaluation of its own stock holdings, Alphabet's net income dropped.
Alphabet made about $5 billion in investments in other companies a year ago, but it now has a billion-dollar loss.
Meanwhile, operating income (also known as operating profit) grew by 22% to $20.1 billion. The operating margin remained constant at 30%.
For the first time in two years, since the pandemic began, Alphabet announced worse than projected results.
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