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Alphabet A Earnings, Revenue Miss in Q2

2022.07.27 00:02

Alphabet A Earnings, Revenue Miss in Q2
Alphabet A Earnings, Revenue Miss in Q2

Investing.com – Alphabet A (NASDAQ:GOOGL) reported on Tuesday second quarter earnings that missed analysts’ forecasts and revenue that fell short of expectations.

Alphabet A announced earnings per share of $1.21 on revenue of $69.69B. Analysts polled by Investing.com anticipated EPS of $1.28 on revenue of $70.04B.

Alphabet A shares are down 27% from the beginning of the year, still down 30.70% from its 52 week high of $151.55 set on February 2. They are under-performing the Nasdaq which is down 26.09% from the start of the year.

Alphabet A shares gained 3.85% in after-hours trade following the report.

Alphabet A follows other major Communication Services sector earnings this month

Alphabet A’s report follows an earnings missed by Alphabet C on Tuesday, who reported EPS of $1.21 on revenue of $69.69B, compared to forecasts EPS of $1.28 on revenue of $70.04B.

Verizon had missed expectations on Friday with second quarter EPS of $1.31 on revenue of $33.79B, compared to forecast for EPS of $1.32 on revenue of $33.74B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

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