4 ms·

Alphabet (GOOGL) reports earnings, stock drops on revenue miss

• gjvc 2y ago
  revenues didn't miss predictions, predictions missed revenues
• ChrisArchitect 2y ago
  Earnings release PDF: https://abc.xyz/assets/a3/91/6d1950c148fa84c7d699abe05284/2024q4-alphabet-earnings-release.pdf https://abc.xyz/assets/a3/91/6d1950c148fa84c7d699abe05284/20...
• teractiveodular 2y ago
  Results: https://abc.xyz/assets/91/b3/3f9213d14ce3ae27e1038e01a0e0/2024q1-alphabet-earnings-release-pdf.pdf https://abc.xyz/assets/91/b3/3f9213d14ce3ae27e1038e01a0e0/20... 10-Q: https://www.sec.gov/Archives/edgar/data/1652044/000165204424000053/goog-20240331.htm https://www.sec.gov/Archives/edgar/data/1652044/000165204424... All the numbers look pretty good at first glance (revenues up 15% YoY from $70B to $81B, operating income up from $17B/25% margin to $25/32% margin), EPS up from $1.17 to $1.89), but obviously Wall Street expected even more so now the stock is tanking.
  • thehappypm 2y ago
    “Tanking” is a bit much.
    • teractiveodular 2y ago
      It's down 7% in after-hours trading as I type this.
      • thehappypm 2y ago
        Yes, but it’s famously volatile day to day, to put it in perspective the current price is back to where it was 2 weeks ago.
• malshe 2y ago
  9% drop after hours on this news? Seems like an overreaction. But what do I know?