Alphabet Inc.

Google: Apple Inc. iPhone, meanwhile, is suffering its first downturn since it debuted eight years ago, according to The Japan Times. Alphabet Inc. earned $4.9 billion on revenue of $21.3 billion in the fourth quarter. The shift occurred in Monday extended trading after Alphabet, Google new parent company, released a fourth-quarter earnings report that highlighted the robust growth of the digital ad market. If not for employee stock expenses and certain other items, Alphabet said it would have earned $8.67 per share. The report provided the most detailed breakdown yet on the profits pouring in from Google dominant search engine and ad network. That figure easily topped the average estimate of $8.10 per share among analysts surveyed by Fact Set. (news.financializer.com). As reported in the news.