Alphabet is down pre-market – they reported earnings, missing on the top line and beating on EPS. This is a quick summary – I will follow up with more details. Management attributed the revenue miss primarily to Fx and also the timing of some ad product changes. Revenue was $36.3B vs. consensus of $37.3B, up 19% constant currency (17% reported) – that’s a deceleration from 23% in 4Q18. Excluding the impact of the EU fine EPS was $10.81, better than consensus of $10.53.
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Sarah Kanwal
Equity Analyst, Director
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