Alphabet reported fourth-quarter earnings that disappointed investors.
Earnings per share reported at $1.05 below the expectations of $1.18 per share
Revenue was at $76.05 billion, below the estimates of $76.53 billion
Total advertising sales dropped to $59 billion; the forecasts were at $60.44 billion
YouTube advertising revenue was at $7.96 billion below the expectations of $8.25 billion
Google Cloud revenue came at $7.32 billion below the expectations of $7.43 billion
Traffic acquisition costs (TAC) were at $12.93 billion below the expectations of $13.32 billion
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