Alphabet Posts Earnings Miss As Advertising Revenue Falls

Google parent company Alphabet (GOOGL) posted a fourth quarter earnings miss on both the top and bottom lines as online advertising revenue continues to slump. Alphabet reported Q4 earnings per share (EPS) of $1.05 U.S. compared to $1.18 U.S. that was expected by analysts, according to Refinitiv data. Revenue in the quarter came in at $76.05 billion U.S. versus $76.53 billion U.S. that was forecast on Wall Street. The quarterly results were particularly impacted by advertising revenue at YouTube, which Alphabet owns. YouTube’s Q4 revenue amounted to $7.96 billion U.S. versus $8.25 billion U.S…