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Revenues for the fourth quarter and fourth quarter were higher than expected
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| Google's |
In the fourth quarter of last year, Alfabit posted revenue and profits that beat Wall Street's expectations as advertisers spent more money on Google Search and YouTube during the holiday shopping period.
The company reported a net profit of $ 8.95 billion, or $ 12.77 per share, in the quarter ended December 31, compared with a loss of $ 3.02 billion a year earlier.
Revenue jumped 21.5 percent to $ 39.28 billion.
On average, analysts had expected revenues of $ 38.93 billion and a profit of $ 10.87 per share, according to data from IPE's from Rev. Netiv.
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