Google-overlord Alphabet's stiff growth fails to satisfy investors

After analyzing Alphabet's fourth-quarter numbers Friday, Deutsche Bank analyst Lloyd Walmsley estimated the company sold 1.5 million of the new phones, the only devices with Google Assistant built in.

Thanks to the growth of the digital economy and the shift of consumers and advertisers from offline to online, Google has generated outstanding growth which continued in 2016 with more than 20% growth in third quarter revenue and earnings.

Revenue is up 22% from $21.3 billion in Q4 2015, with net income at $5.3 billion for this quarter.

Quarterly earnings per share didn't quite meet Wall Street's $7.67 target, coming in at $7.56.

Pichai said 2016 stood out as the year artificial intelligence became central to Google's mission as a company.

Aggregate paid clicks rose 36% year over year, while paid clicks on Google properties increased 43%. GOOGL's other Bets revenue grew to $262 million from $150 million a year earlier, and the operating loss of $1.09 billion narrowed from $1.21 billion. Ad revenue generated about $22.4 billion, up 17% year-over-year, Google said.

Tottenham Hotspur peg back Manchester City in enthralling match
Maybe we were too relaxed, and we told them that at half-time. "They are Manchester City players, top players". Last week they were embarrassed by Everton 4-0 and here they are ready to take on a red-hot Spurs.

Recent forecasts reported by eMarketer suggest YouTube's net USA video ad revenue could reach $2.59 billion in 2017, accounting for 20% of total US video ad revenue and making for the largest share of video ad revenue for any one company.

"Our growth in the fourth quarter was exceptional - with revenues up 22% year on year and 24% on a constant currency basis", Ruth Porat, chief financial officer of Alphabet, said in a statement.

Incidentally, shares of Alphabet are now down almost 2% in after-hours trading.

But Alphabet revenue did top expectations. "You'll see us invest more-more [availability in] countries, more original content", said Sundar Pichai, Google's CEO.

Other Bets would include things like Nest, GV (formerly Google Ventures), and all other side-projects like Project Loon.

When I look at what it would take to do voice search well, our years of research into natural language voice processing comes into play.I think there's a lot of work ahead to make this work well for users. "Our cloud business is on a tremendous upswing", he said in comments on the call. In October, Google released its first smartphone in an attempt to challenge Apple's iPhone, as well as its Google Home smart speaker as part of a new push into hardware.


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