Michael has over 20 years of experience representing individual and small business plaintiffs against the world’s large financial institutions, including Visa, Mastercard, and Chase.
Our firm is investigating possible legal clams on behalf of Alphabet Inc. investors. On February 3, 2020, Alphabet Inc.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.
Our Securities Lawyers Have a Winning Record Against Companies Like Alphabet Inc.
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.
You “shouldn’t presume that powerful banks and other powerful interests can just get away with doing bad things. Good, qualified counsel that are committed to a cause can usually figure out how to prosecute such cases effectively and prevail.”
–Eric Gibbs, award-winning securities attorney
Praise from the Courts
Federal judge in our AT&T class action:
“I’ve always found them to be extraordinary counsel in terms of their preparation and their professionalism.”
Federal judge in our Chase lawsuit (resulting in $100 million settlement):
They “fought tooth and nail, down to the wire” to achieve “the best settlement that they could under the circumstances.”
Read more about what judges say about us.
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).
Our Featured Securities Team
Eileen works closely with investors in securities cases and has over a decade of experience in the legal world. She received her law degree from American University in 2005.
David’s advocacy has generated major recoveries for consumers impacted by financial fraud. He was named to the Top 40 Under 40 by Daily Journal and a “Rising Star in Class Actions” by Law360.
Amanda is spearheading a securities lawsuit against NantHealth concerning fraudulent statements to investors about the success of its key product.
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