MOUNTAIN VIEW, Calif. (AP) — MOUNTAIN VIEW, Calif. (AP) — Alphabet Inc. (GOOGL) on Wednesday reported fourth-quarter earnings of $34.46 billion.
The Mountain View, California-based company said it had net income of $2.82 per share.
The results exceeded Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of $2.57 per share.
The internet search leader posted revenue of $113.83 billion in the period. After subtracting Alphabet’s advertising commissions, revenue was $97.23 billion, also exceeding Street forecasts. Eleven analysts surveyed by Zacks expected $94.79 billion.
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