Shares of Google's parent company slide as profits beat but earnings are lacking by Investing.com

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Investing.com – Class A shares of Alphabet, the parent company of Google's search giant, fell after hours on Monday, after the first quarter reported earnings above analysts' expectations, but results lower than expected.

Alphabet (NASDAQ 🙂 shares fell 4.6% after reaching new highs and 52-week highs in normal trading on the day the Nasdaq ended at a record high.

Alphabet announced earnings per share of $ 11.90 on revenue of $ 36.34 billion. Analysts surveyed by Investing.com were counting on a profit of 10.53 USD on a turnover of 37.3 billion USD. The profit is down 10.7% from last year, when Alphabet had a profit of 13.33 dollars on a turnover of 31.15 billion dollars. The company had reported a profit of 12.77 USD on a business turnover of 39.28 billion USD in the fourth quarter of 2018.

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