Earnings Outlook: Google earnings: A new approach arrives amid YouTube ad controversy [MarketWatch]
Alphabet Inc. - Class C Capital Stock (GOOG)
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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Source: MarketWatch
Google earnings: A new approach arrives amid YouTube ad controversy Alphabet Inc. will switch the way it reports key financial figures starting with its first-quarter earnings, due after the market closes on Thursday. Last quarter, Alphabet’s GOOGL, -0.13% GOOG, +0.18% earnings fell short of expectations largely due to tax charges, including one charge tied to its stock-based compensation plan that shaved roughly 83 cents a share off non-GAAP earnings . While announcing those results, Alphabet execs announced the company will begin to emphasize GAAP earnings as opposed to non-GAAP, which allow companies to use accounting gymnastics to exclude stock- based compensation and one-time charges that may have been incurred during the quarter. Read Also: The tax hit that made Google miss on earnings, and the big change that will keep it from happening again On the company’s earnings call in January, Chief Financial Officer Ruth Porat, a Wall Street veteran who previously led the fin
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