News Formal

Alphabet earnings dented by spending on cloud business

  • 📰 latimes
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 82%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Alphabet Inc.’s quarterly earnings were dented by heavy investment in Google’s cloud-computing business, which is key to future growth but still runs a distant third in the market behind Amazon.com Inc. and Microsoft Corp.

Net income was $7.1 billion, or $10.12 a share, down from $9.2 billion, or $13.06 a share, in the same period a year earlier, the companyAlphabet shares fell about 1% in extended trading, after closing at $1,288.98.

“We continue to invest thoughtfully in talent and infrastructure to support our growth, particularly in newer areas like cloud and machine learning,” Ruth Porat, chief financial officer of Alphabet and Google, said in a statement.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Please permit me who writes it selfishly. Prime Minister Abe doesn't regret Japanese history. Prime Minister Abe's spirit is changed by the dangerous organization. Prime Minister Abe operates information using Japanese media. Japan people don't believe Prime Minister Abe's word.

These investments will pay off later into the cycle where many others may fail.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 11. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Fitbit stock soars amid reports of potential acquisition by Google's Alphabet Inc.Fitbit stock soared by more than 30% amid reports that Alphabet Inc., the company that owns Google, was said to be looking into purchasing the fitness tracking company. Yasss google plus Fitbit, I want them all.
Fonte: ABC - 🏆 471. / 51 Consulte Mais informação »

Alphabet dips on earnings missAlphabet missed earnings expectations, sending the stock down after hours
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

Alphabet stock dips on earnings missAlphabet missed earnings expectations, sending the stock down after hours. Maybe they need a new infusion of ethics!
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

Alphabet earnings reaction, housing data: 3 things to watch in Tuesday's marketsWe'll get Wall Street's reaction to Alphabet earnings, earnings from General Motors and Mastercard and a slew of economic data on Tuesday.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »