Apple is expected to have a relatively rough 2016, according to many industry pundits. Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL), on the other hand, is already closing the valuation gap with Apple and appears poised for yet another year of growth.
On a consolidated basis, Alphabet's revenue rose 17.8% year over year to $21.33 billion, and would have climbed an even more impressive 24% had it not been for the negative impact of foreign currency exchange.
Alphabet logo Alphabet Inc (NASDAQ:GOOGL) - Oppenheimer lifted their FY2016 earnings per share (EPS) estimates for Alphabet in a research note issued to investors on Tuesday, Zacks Investment Research reports.
Though Alphabet formally implemented its reorganization to become the holding company of Google and its various operating subsidiaries last October, this quarter will mark the first earnings report to fulfill the purpose of its new structure.
Below, we'll take a look at two LNKD peers that are trading lower -- likely to the delight of recent option buyers: Facebook Inc (NASDAQ:FB) and Alphabet Inc (NASDAQ:GOOGL). FB is off 5.5% at $104.42 today, and just lost hold of its year-to-date lead ...