From Nasdaq:

Alphabet reported Q4 earnings results, beating Zacks Consensus Estimates with earnings per share of $1.64. Revenues reached $86.31 billion, representing a significant 13% year-over-year increase. Net income surged 51.9% to $20.69 billion, although ad revenues of $65.52 billion missed analyst estimates, leading to a dip in Alphabet’s stock following the report.

This news heavily impacted ETFs, particularly those heavily invested in Alphabet, including IXP, XLC, FCOM, and VOX. These ETFs have between 12.57% to 12.75% exposure to GOOGL and have experienced changes in performance post-Alphabet’s earnings report.

You can get a deeper insight into these ETFs and the latest recommendations from Zacks Investment Research in their free Fund Newsletter.

To read the full article, follow this link to Zacks.com.



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