Source: Zero Hedge
Google Tumbles After Revenue, Profit Miss; Breaks Out YouTube, Cloud For First Time After the stellar earnings reports from Apple, Microsoft and Amazon (lets ignore Facebook for now), investors were expecting nothing but great news from the world’s biggest search engine, Google, aka Alphabet, despite reports earlier today that DOJ officials are meeting with state attorneys general reps tomrrow afternoon to discuss their antitrust investigations of Google. Alas, it was not meant to be, and moments ago Alphabet reported Q4 earnings that while beating on the bottom line, missed on revenues, operating margin and operating profit, to wit: Q4 EPS of $15.35 beat Est. $12.50 Q4 total Revenue $46.08BN missed Exp. $46.94BN Q4 Revenue Ex-TAC $37.57B missed Est. $38.40B Q4 Oper Margin 20% missed Est. 24.7% Q4 Oper Income $9.27B missed Est. $9.79B Also of note: for the first time ever, Google broke out its YouTUbe and Cloud revenue, and reported it generated $15.15BN in YouTube revenue and another $8.92 billion in Cloud .