Company News: Alphabet (GOOG) quarterly results beat analysts’ estimates

Market news

26 July 2019

Company News: Alphabet (GOOG) quarterly results beat analysts’ estimates

Alphabet (GOOG) reported Q2 FY 2019 earnings of $14.21 per share (versus $11.75 in Q2 FY 2018), beating analysts’ consensus estimate of $11.38.

The company’s quarterly revenues amounted to $38.944 bln (+19.3% y/y), beating analysts’ consensus estimate of $38.213 bln.

The company also announced a $25 bln share repurchase on Class C capital stock (GOOG).

GOOG rose to $1,230.00 (+8.65%) in pre-market trading.

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