πŸ‡ΊπŸ‡Έ

Jim Cramer's Reaction to Alphabet's Earnings Miss

Credit: The Street
Published on April 30, 2019 - Duration: 02:00s

Jim Cramer's Reaction to Alphabet's Earnings Miss

Alphabet reported first-quarter revenue that missed Wall Street expectations.

Revenue in the period was $36.34 billion, below forecasts of $37.3 billion.

Excluding traffic acquisition costs, Alphabet reported revenue of $29.48 billion, up 19% from a year earlier but below estimates of $30.04 billion.

Earnings of $11.90 a share topped Wall Street forecasts of $10.60.

The per-share earnings figures backed out the impact of a $1.7 billion fine imposed by the European Union that Alphabet said it would be booking during the quarter.

Net income in the first quarter was $6.66 billion, which included the EU fine for Alphabet's skirting of antitrust practices and abusing its dominant position in online advertising to hurt competitors.

And, in case you forgot, Jim Cramer called that Alphabet would be taking a tumble in his live show Monday morning.

He said that he was "concerned" about the earnings report.

Cramer said that, "there's always something that makes people feel like it's not as good" about the earnings reports.

Related.

Jim Cramer: This Market May Not Be Overvalued

Advertisement

You are here

Recent related videos from verified sources

Jim Cramer Breaks Down The Chewy IPO, Broadcom Earnings, and The Fed 09:37
Credit: The Street - Published 5 days ago 

Why Amazon Could Be a Tailwind for Kohl's, TJX -- ICYMI 03:33
Credit: The Street - Published on May 21, 2019 

How Lyft's Partnership With Alphabet's Waymo Impacts Investors 01:25
Credit: The Street - Published on May 8, 2019 

What to Watch When Disney Reports Earnings and Lyft's New Waymo Partnership 05:48
Credit: The Street - Published on May 8, 2019 

Jim Cramer's Reaction to Qualcomm's Earnings Call 01:13
Credit: The Street - Published on May 2, 2019 

Dine Brands CEO Steve Joyce Touts Growth Despite Revenue Miss 06:21
Credit: The Street - Published on May 1, 2019 

Behind Google's Revenue Miss, Management's Lack of Clarity -- ICYMI 03:55
Credit: The Street - Published on April 30, 2019 

Jim Cramer Tackles Elon Musk's Tweets, Alphabet, Apple and Market Movers 09:28
Credit: The Street - Published on April 30, 2019 

You might like