Alphabet Inc (GOOGL) Earnings Miss, Revenue Beats, Stock Tumbles

There are now over 30,000 skills from outside developers, customers can control more than 4,000 smart home devices from 1,200 unique brands with Alexa, and we're seeing strong response to our new far-field voice kit for manufacturers.

Alphabet, Google's parent company, on Tuesday reported a net loss on revenue of $32.3 billion, up 24% year-over-year, for the quarter ending December 31, 2017.

Apple reported fiscal first-quarter earnings of $3.89 per share on $88.3 billion in revenue - above analysts' estimates.

Absent the tax changes, Alphabet would've topped $6.8 billion in profit, and earnings per share would have been $9.70, the company said in its earnings release.

It wasn't immediately clear what accounted for the profit shortfall, in particular whether the Google Cloud Platform unit was the issue. Odey Holdings AG boosted its stake in shares of Alphabet by 18.2% during the 2nd quarter. Amazon also reported fourth-quarter results on February 1.

While Google's ad revenues surged $27.2 billion in Q4 2017, other Google costs weighed on overall profits. Analysts had forecast a profit of $1.85 a share on revenue of $59.83 billion, which included a full quarter of Whole Foods from its acquisition of the grocery chain previous year.

This was boosted by a tax benefit of about $789mln under the new USA tax laws.

Record Harden, the defeat of the "Cleveland" and "Golden State"
James Harden had a historic night Wednesday (AEDT) in Houston. "I was so locked in and focused on how I could impact the game". That's four more points than all of Orlando's starters combined. "I looked at Coach and said, 'Eric can't go, "' Harden said.

Despite this growth, Google Cloud still sits very much in the shadow of Amazon Web Services, which logged a whopping $5.1bn in revenue in the same time period. Operating income rose from $7.88 billion to $8.76 billion. BlackRock Inc. increased its stake in shares of Alphabet by 3.1% in the second quarter.

Google's other revenues, which includes its burgeoning enterprise business, hardware sales, and app store, posted $US4.69 billion in revenue, bringing total Google revenue to $US31.91 billion. Aggregate paid clicks increased 43% year over year, while paid clicks on Google properties grew 48%.

Like you, I'd love to dive deeper into the numbers (that's sarcasm), but what has me more interested are comments Sundar Pichai made during the company's earnings call with investors.

"We are making big strides on our biggest bets", Pichai said. The Company's businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company's segments include Google and Other Bets. The loss from those projects narrowed to $916 million from $1.1 billion.

The cloud operations have widely divergent impacts on each company, however.

Amazon's net profit soared sharply. We're still waiting for more details in Alphabet's customary post-earnings conference call, but if nothing else, we know that Google sold a ton of Google Home speakers over the holiday season.

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