Revenue Update on Alphabet Inc(NASDAQ:GOOG)

Alphabet Inc(NASDAQ:GOOG) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $21.50B. Analysts estimated a revenue of $20.76B. Earnings per share were $8.42. Analysts had estimated an EPS of $8.02.

Alphabet Inc (GOOG) shares turned negative on Thursdays trading session with the shares closing down -1.57 points or -0.20% at a volume of 11,40,254. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $774.07. The peak price level was also seen at $774.07 while the days lowest was $768.795. Finally the shares closed at $771.61. The 52-week high of the shares is $789.8699 while the 52-week low is $565.05. According to the latest information available, the market cap of the company is $529,753 M.

Several Insider Transactions has been reported to the SEC. On Jul 27, 2016, Lawrence Page (director officer 10% owner (Chief Executive Offic) sold 33,332 shares at $718.17 per share price.Also, On Jul 20, 2016, Sundar Pichai (CEO, Google Inc.) sold 4,000 shares at $746.47 per share price.On Jul 12, 2016, David C Drummond (SVP, Corporate Development) sold 5,000 shares at $725.52 per share price, according to the Form-4 filing with the securities and exchange commission.

Alphabet Inc (Alphabet) is a collection of Companies. The Company’s collection include Calico Google’s health and longevity effort; Nest its connected home business; Fiber its gigabit internet arm; and its investment divisions such as Google Ventures and Google Capital and incubator projects such as Google X. These will be managed separately in Alphabet. On October 2 2015 Google implemented a holding company reorganization pursuant to the Agreement and Plan of Merger (the Merger Agreement) dated as of October 2 2015 among Google Alphabet and Maple Technologies Inc. a Delaware corporation (Merger Sub) which resulted in Alphabet owning all of the outstanding capital stock of Google. Pursuant to the Alphabet Merger Merger Sub a direct wholly owned subsidiary of Alphabet and an indirect wholly owned subsidiary of Google merged with and into Google with Google surviving as a direct wholly owned subsidiary of Alphabet.

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