Google-parent Alphabet Inc. on Monday reported its worst fourth-quarter revenue growth since 2015, missing analysts’ estimate for a period in which its top online advertising rivals beat expectations.
Shares of the company fell 4 per cent in extended trading.
The company reported a net income of US$10.67 billion, or US$15.35 per Class A and B common share and Class C capital share, for the fourth quarter ended Dec. 31, from US$8.95 billion, or US$12.77 per share, a year earlier.
Revenue jumped 17.3 per cent to US$46.08 billion.
Analysts on average had expected revenue of US$46.94 billion and earnings of US$12.53 per share, according to IBES data from Refinitiv.
© Thomson Reuters 2020
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