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Sundar Pichai, CEO of Google and Alphabet, attends the opening of a new center in France for the AI, at the Google France headquarters in Paris, France, February 15, 2024.
Gonzalo Fuentes Reuters
Gogle Mother Alphabet The shares fell to 8 % in trading after Tuesday hours after the company informed the results of the fourth quarter that missed revenue expectations.
The company has also announced that it plans to invest $ 75 billion of capital expenditures in 2025 as it continues to expand the artificial intelligence strategy. The profits for the share victory is a winner by two cents.
Here are the numbers:
- profit: 96.47 billion dollars for $ 96.56 billion expected by LSEG
- Arrow’s profits: $ 2.15 for $ 2.13 expected by LSEG
Below are other numbers that Wall Street was watching:
- Adube ads revenue: 10.47 billion dollars for $ 10.23 billion, according to the street
- Google Cloud: 11.96 billion dollars for $ 12.19 billion, according to the street
- Traffic acquisition costs (TAC): 14.89 billion dollars for $ 15.01 billion, according to Streetaccount
The net fourth quarter income in Alphabet rose to $ 26.54 billion, compared to $ 20.69 billion in the previous quarter.
The company also mentioned the revenues of a disappointing cloud of $ 11.96 billion in a quarter, compared to $ 12.19 billion, expected by Wall Street. However, the unit’s revenues are still 30 % over the previous year.
This is urgent news. Please check again for updates.
