Alphabet Inc.'s (GOOGL) fourth-quarter profits have reported a significant increase compared to the same period in the previous year, exceeding Wall Street's predictions.
The company's net income reached $20.69 billion, equating to $1.64 per share, a significant increase from the $13.62 billion or $1.05 per share achieved in the fourth quarter of the previous year.
According to data gathered by Thomson Reuters, analysts had on average anticipated earnings of $1.59 per share. It should be noted that these estimates typically do not include exceptional items.
Revenue for the quarter displayed an increase of 13.5%, rising to $86.31 billion from the previous year's fourth-quarter revenue of $76.05 billion.
To summarize, Alphabet Inc.'s Earnings Per Share (EPS) for Q4 are reported at $1.64, compared to $1.05 for the same period in the previous year; outperforming the analysts' estimate of $1.59. Revenue for Q4 rose to $86.31 billion compared to $76.05 billion in the prior year.
