Alphabet (Google) meets earnings expectations but misses on YouTube ad revenue
FILE - In this Oct. 20, 2015 file photo is signage outside Google headquarters in Mountain View, Calif. The owner of the Daily Mail website is suing Google, saying the tech company’s dominance in online advertising has harmed its business. The suit, filed Monday, April 19, 2021, in federal court in New York, says Google publishes publishers’ search results if they don’t sell enough ad space through Google. (AP Photo/Marcio Jose Sanchez, File)
Marcio Jose Sanchez
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Jennifer Elias | CNBC
Google parent company Alphabet reported second-quarter results after the bell Tuesday that were in-line with analyst estimates on revenue and earnings, but missed on YouTube advertising revenue. Alphabet shares were up about 2% in after-hours trading on the report.
Here’s how the company did, compared with estimates from analysts polled by LSEG:
Earnings: $1.89 a share vs. $1.84 per share expected
Revenue: $84.74 billion vs. $84.19 billion expected
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