Alphabet misses on Q1 revenues of $36.3B; EPS of $9.50 weighed down by the $1.7B European fine

TechCrunch | 4/29/2019 | Staff
lhumara (Posted by) Level 3
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After warning investors that it would be taking a $1.7 billion (€1.5 billion) charge this quarter due to a fine from the European Commission over anticompetitive advertising practices, today Google parent Alphabet reported its quarterly earnings for Q1. Overall it’s a tough quarter for the company that speaks to struggles with its growth. Alphabet reported revenues of $36.3 billion, with diluted earnings per share of $9.50.

Analysts were expecting Alphabet to report GAAP earnings of $10.17 per share, with adjusted EPS expected to be $13.10, on overall revenues of $37.34, according to estimates from Yahoo Finance.

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