Alphabet misses on earnings, tops sales forecast

If you care about money, the economy and corporate America, earnings season matters. Google parent Alphabet reported fourth-quarter earnings on Thursday. SAN FRANCISCO -- Google parent Alphabet topped analyst estimates with ongoing strength in mobile search and video advertising, but missed on earnings, sending shares down after hours. Alphabet reported fourth-quarter revenue of $26 billion, up 22% year over year, led by YouTube and mobile search, chief financial officer Ruth Porat said in a statement. But Alphabet missed on the bottom line, with net income of $5.33 billion, or $7.56 a share.