Alphabet Inc(NASDAQ:GOOGL) 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 $20.75B. Earnings per share were $8.42. Analysts had estimated an EPS of $8.04.
In a different note, On Jun 29, 2016, Goldman Sachs said it Maintains its rating on Alphabet Inc. In the research note, the firm Lowers the price-target to $850.00 per share. The shares have been rated ‘Buy’ by the firm. On Jun 8, 2016, Maxim Group said it Maintains its rating on Alphabet Inc. In the research note, the firm Lowers the price-target to $865.00 per share. The shares have been rated ‘Overweight’ by the firm.
Alphabet Inc (GOOGL) shares turned negative on Thursdays trading session with the shares closing down -1.67 points or -0.21% at a volume of 10,76,031. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $800.2. The peak price level was also seen at $800.2 while the days lowest was $793.92. Finally the shares closed at $797.25. The 52-week high of the shares is $810.35 while the 52-week low is $593.09. According to the latest information available, the market cap of the company is $547,356 M.
Alphabet Inc (Alphabet) is a collection of Companies. The Companys collection include Calico Googles 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.