Alphabet revenue slightly beats expectations

Alphabet revenue slightly beats expectations

Google CEO Sundar Pichai at Google’s I/O Developer Conference. (AP Foto/Jeff Chiu)

Google’s parent company Alphabet (GOOGGOOGL) reported its Q4 2018 results on Monday.

The tech giant reported earnings of $31.85 billion in revenue, versus analysts’ expectations of $31.33 billion. Earnings per share came in at $12.77. Analysts were expecting $10.86 per share.

The stock was down 3% after hours.

Revenue from advertising topped out at $32.6 billion compared to the previous quarter, which came in at $28.95 billion.

Traffic acquisition costs, or TAC, came in at $7.4 billion versus last quarter’s $6.6 billion.

Operating losses for Google’s Other Bets, such as Google Fiber and its health-based Verily, increased from $748 million in Q4 2017 to $1.33 billion in Q4 2018.

Capital expenditures for the company came in at $7.08 billion, far greater than the $5.66 billion that was initially expected.

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