Alphabet Inc. Lawsuit Investigation

Alphabet Inc. revenue misses analyst estimates

Our firm is investigating possible legal clams on behalf of Alphabet Inc. investors. On February 3, 2020, Alphabet Inc. (NASDAQ: GOOG; GOOGL) reported quarterly revenue that missed analyst estimates. If you invested in Alphabet Inc. you may have a claim. Speak with our experienced securities lawyers to learn more about your options.

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Alphabet Inc. Misses Revenue Estimates; GOOG/ GOOGL Shares Drop in After Hours Trading

On February 3, 2020, Alphabet Inc. announced its fourth quarter and full-year financial results, missing analyst revenue estimates.

Overall revenue, excluding payments to partners, was reported at $37.6 billion for the fourth quarter. This came in below analyst predictions of $38.4 billion in revenue. Further, fourth quarter advertising revenue rose 17%. Bloomberg reports that this was slower than the 20% year-over-year growth seen in the prior year’s fourth quarter.

Finally, YouTube ads reported sales of $15.1 billion in 2019, which was below the $22 billion estimated by Morgan Stanley analysts. According to Bloomberg,

The results suggest Google is struggling to maintain growth in the face of tougher competition

On this news, Alphabet Inc. stock dropped over 4% during after hours trading.

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Our securities lawyers have recovered over a billion dollars on behalf of our clients against behemoths, such as Chase Bank, Mastercard, and Anthem Blue Cross Blue Shield. Read more about our results.

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Gibbs Law Group's Financial Fraud Experience

Gibbs Law Group’s financial fraud and securities lawyers have more than two decades of experience prosecuting fraud. Our attorneys have successfully litigated against some of the largest companies in the United States, and we have recovered more than a billion dollars on our clients’ behalf.

We have fought some of the most complex cases brought under federal and state laws nationwide, and our attorneys have been recognized with numerous awards and honors for their accomplishments, including Top 100 Super Lawyers in Northern California, Top Plaintiff Lawyers in California, The Best Lawyers in America, and rated AV Preeminent (among the highest class of attorneys for professional ethics and legal skills).

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Eileen Epstein Carney

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Amanda is spearheading a securities lawsuit against NantHealth concerning fraudulent statements to investors about the success of its key product.