Categories AlphaGraphs, Earnings, Technology
Alphabet Q1 Earnings: Key numbers that you need to note down from GOOGL
Alphabet Inc. (NASDAQ: GOOG, GOOGL) today reported first quarter financial results for the period ended March 31, 2020.
On GAAP basis, first quarter EPS was $9.80 vs. $9.50 in the first quarter of 2019. Non-GAAP EPS was $9.87, compared to $11.90 in the first quarter of 2019.
Total revenues increased 13% to $41.15 billion.
Amid COVID19 pandemic, Google advertising revenue increased 10% year-over-year to $33.76 billion.
Shares up over 3% during the after-hours following the earnings announcement.
Performance was strong during the first two months of the quarter, but then in March we experienced a significant slowdown in ad revenues. We are sharpening our focus on executing more efficiently, while continuing to invest in our long-term opportunities.
Ruth Porat, CFO
United States revenues (GAAP) were down 13% sequentially and up 14% year-over-year.
You may also like:
Most Popular
Broadcom (AVGO) reports higher Q3 revenue and profit; results beat estimates
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) reported higher revenues and adjusted earnings for the third quarter of 2024 amid continued strong demand. The Q3 numbers also topped expectations. Earnings, excluding
Key takeaways from Hewlett Packard’s (HPE) Q3 2024 earnings report
Hewlett Packard Enterprise (NYSE: HPE) has delivered stronger-than-expected third-quarter results amid significant conversion in AI system revenues. The prospects for the company's AI server and edge computing businesses look promising
Hormel Foods (HRL): Factors that put a damper on the food company’s Q3 performance
Shares of Hormel Foods Corporation (NYSE: HRL) were up over 2% on Thursday. The stock is recovering from a fall it took a day ago after the company delivered mixed
