The Alphabet Q1 2016 Earnings Call video above -- Transcript at SeekingAlpha.com
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| Alphabet (NASDAQ: GOOG) 1-year stock chart (source: google.com) - Up over 40% in 1 yr. |
Alphabet Inc. (NASDAQ: GOOG, GOOGL) will hold its quarterly conference call to discuss first quarter 2016 financial results on Thursday, April 21st at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). Consensus expecting $7.96 in EPS and $16.57b in revenue
The live webcast of the earnings conference call can be accessed here. A replay of the webcast will be available through the same link following the conference call. Visit the Investor Relations website at abc.xyz/investor on April 21, 2016 to view the earnings release prior to the conference call.
Alphabet Announces First Quarter 2016 Results - Investor Relations - Alphabet: "Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended March 31, 2016. “Our Q1 results represent a tremendous start to the year with 17% revenue growth year on year and 23% growth on a constant currency basis. We’re thoughtfully pursuing big bets and building exciting new technologies, in Google and our Other Bets, that position us well for long term growth,” said Ruth Porat, CFO of Alphabet ..."
Alphabet Q1 EPS of $7.50 misses by $0.47. Revenue of $20.26B (+17.4% Y/Y) misses by $110M.
Google/Alphabet down strongly after Q1 miss; ad price declines weigh - Alphabet Inc. (NASDAQ:GOOG) | Seeking Alpha: "Ad price declines pressured Alphabet/Google's (GOOG, GOOGL) Q1 results."
About Alphabet Inc. - Larry Page and Sergey Brin founded Google (google.com) in September 1998. Since then, the company has grown to more than 60,000 employees worldwide, with a wide range of popular products and platforms like Search, Maps, Ads, Gmail, Android, Chrome, and YouTube. In October 2015, Alphabet became the parent holding company of Google. You can read more about Alphabet’s mission here. (source: Alphabet Inc.)
"Google last year announced the creation of Alphabet, which would become Google’s parent company, in part to create more transparency for investors seeking to differentiate between the company’s lucrative core businesses and its moonshots. Alphabet houses the more experimental branches of the company, like Nest, Google Fiber, and Google’s self-driving-car project ... [then] news broke that Alphabet was putting Boston Dynamics, the maker of terrifyingly human-like robots, up for sale ... Google announced it will be shuttering its debit-card program, which it said had millions of customers. News broke that Nest, the company’s $3 billion smart-home-device division, has been under pressure to make money. “The fiscal discipline era has now descended upon everything,” Nest founder and C.E.O. Tony Fadell told the Information. This week, the penny-pinching hit Google Fiber, Alphabet’s high-speed Internet project, stopped its free Internet program in Kansas City ..." --Google’s Parent Company Is Doing Damage Control | Vanity Fair
Video above: EU Google Android dispute explained | FT Business - In 90 seconds the FT’s Murad Ahmed explains why the EU has widened its landmark antitrust battle against US technology group Google, which stands accused of abusing its dominance of the smartphone operating system Android. Published on Apr 20, 2016
EU Antitrust: Commission sends Statement of Objections to Google on Android operating system and applications: Brussels, 20 April 2016: "The European Commission has informed Google of its preliminary view that the company has, in breach of EU antitrust rules, abused its dominant position by imposing restrictions on Android device manufacturers and mobile network operators. The Commission's preliminary view is that Google has implemented a strategy on mobile devices to preserve and strengthen its dominance in general internet search. First, the practices mean that Google Search is pre-installed and set as the default, or exclusive, search service on most Android devices sold in Europe. Second, the practices appear to close off ways for rival search engines to access the market, via competing mobile browsers and operating systems. In addition, they also seem to harm consumers by stifling competition and restricting innovation in the wider mobile space. The Commission's concerns are outlined in a Statement of Objections addressed to Google and its parent company, Alphabet. Sending a Statement of Objections does not prejudge the outcome of the investigation ..." source: European Commission
Google’s Android Targeted by EU Over Mobile Search Curbs - Bloomberg: "... By sending a statement of objections, the EU is opening a new front in its antitrust battle with the Alphabet Inc. unit -- paving the way for potentially huge fines and radical changes to the way the company does business. It comes a year after the EU issued a formal complaint over Google’s comparison-shopping service ..."
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