Cloud revenue in the quarter of $12 billion—a 30% increase from last year—just misses analysts’ estimates of $12.2 billion.
At first glance, Alphabet's numbers might not seem bad at all. Revenue increased 12% year over year to $96.47 billion. Net income jumped 38%, with earnings per share soaring 31% to $2.15.
Google parent Alphabet is slated to report its fourth-quarter results after the market closes Tuesday, with analysts mostly bullish on the tech giant's stock.
Detailed price information for Alphabet Inc Cdr [Cad Hedged] (GOOG-T) from The Globe and Mail including charting and trades.