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Shares of Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG), known for its Google subsidiary, are up an impressive 34% in the past year and currently trading just a few points from their all-time high.
Image source: Getty Images. Alphabet comes up short. Overall revenue rose 12% to $96.5 billion in Q4, slightly below analysts' consensus estimate of $96.67 billion.
Data source: Alphabet Inc. Chart by author. Companywide, earnings barely beat expectations of $2.13 per share, while revenue was a few million bucks shy of the $96.56 billion analysts were modeling.
For the quarter Alphabet reported earnings per share (EPS) of $2.15 on revenue of $96.4. Analysts were looking for EPS of $2.13 and revenue of $96.6 billion.
Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) currently carries a gargantuan market cap of $2.2 trillion, making it one of the most valuable companies on the face of the planet. It is undoubtedly a ...
The parent company of Google, Alphabet, saw its share price open on Wednesday more than seven per cent lower than Tuesday’s close, following their latest financial results release.
Because the stock is beaten down, Alphabet's price-to-earnings (P/E) ratio is lower than rivals Microsoft and Meta Platforms. GOOGL PE Ratio Chart. Data by YCharts.
To this extent, a small boost in Alphabet's stock price seems justified. ... Alphabet stock seems not unreasonably priced at a 25.5 P/E ratio and a 17% projected long-term earnings growth rate.