Alphabet Inc reports results for the quarter ended March 31 - Earnings Summary

• Alphabet Inc GOOG.OQ reported quarterly adjusted earnings of $2.81​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.89. The mean expectation of thirty seven analysts for the quarter was for earnings of $2.01 per share. Wall Street expected results to range from $1.89 to $2.37 per share.

• Revenue rose 12% to $90.23 billion from a year ago; analysts expected $89.09 billion.

• Alphabet Inc's reported EPS for the quarter was $2.81​.

• The company reported quarterly net income of $34.54 billion.

• Alphabet Inc shares had risen by 1.0% this quarter and lost 17.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.2% in the last three months.​

• In the last 30 days, ten analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the online services peer group is also "buy"

• Wall Street's median 12-month price target for Alphabet Inc is $202.00

This summary was machine generated from LSEG data April 24 at 09:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)