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

Market news

3 February 2021

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

Alphabet (GOOG) reported Q4 FY 2020 earnings of $22.30 per share (versus $15.35 per share in Q4 FY 2019), beating analysts’ consensus estimate of $15.98 per share.

The company’s quarterly revenues amounted to $56.900 bln (+23.5% y/y), beating analysts’ consensus estimate of $52.861 bln.

GOOG rose to $2069.22 (+7.35%) in pre-market trading.

China's Premier Li: Global economy faces many uncertainties and destabilising factors as “daunting challenges” brought by COVID-19 pandemic remain - Reuters

Gold: Low real interest rates are here to stay, supporting XAU/USD - ANZ

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