Alphabet Tops Consensus Estimates
February 3, 2021
Alphabet reported financial results for the quarter and fiscal year ended December 31, 2020. The tech giant had earnings of $22.30 per share, adjusted with only $15.90 per share expected. As to revenue, the firm reported $56.90 billion with the consensus estimate being $53.13 billion. Google Cloud beat with $3.83 billion recorded and $3.81 billion expected.
Sundar Pichai, CEO of Google and Alphabet, said: “Our strong results this quarter reflect the helpfulness of our products and services to people and businesses, as well as the accelerating transition to online services and the cloud. Google succeeds when we help our customers and partners succeed, and we see significant opportunities to forge meaningful partnerships as businesses increasingly look to a digital future.”
Ruth Porat, CFO of Google and Alphabet, said: “Our strong fourth quarter
performance, with revenues of $56.9