News Formal

Alphabet earnings push stock up 7%; CFO Ruth Porat to become president, chief investment officer

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Ruth Porat, who has played an essential role in Google’s advertising success since she became CFO in 2015, will start her new role as president and chief investment officer on Sept. 1.

Google parent Alphabet Inc.’s stock jumped more than 7% in after-hours trading Tuesday after the company beat estimates on the top and bottom line, and announced the transition of Chief Financial Officer Ruth Porat to president and chief investment officer in September.

Analysts surveyed by FactSet had expected on average net earnings of $1.34 a share on revenue of $72.85 billion and ex-TAC revenue of $60.25 billion. Google’s total advertising sales improved to $58.14 billion from $56.3 billion a year ago, and edged analysts’ average expectations of $57.45 billion. Google Cloud hauled in $8 billion, compared with $6.3 billion last year. YouTube ad sales rebounded to $7.7 billion from $7.34 billion a year ago.

“We see technology can make so much of a difference in people’s lives… and in economic growth globally,” Porat said during the conference call late Tuesday.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 3. in DE
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Alphabet earnings push stock up 6%, CFO Porat to become president, chief investment officerGoogle parent Alphabet’s stock jumped 6% in after-hours trading after $GOOGL beat estimates on the top and bottom line, and announced the transition of Chief Financial Officer Ruth Porat to president and chief investment officer in September.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Stock Market Today: What to Watch Ahead of Alphabet, Microsoft EarningsStock futures were steady ahead of a slew of earnings due later from big names such as Google parent Alphabet, Microsoft and Visa. Follow the latest markets updates.
Herkunft: WSJ - 🏆 98. / 63 Weiterlesen »

Dow strives for 12th day of gains as Microsoft and Alphabet earnings loomU.S. stock futures rose early Tuesday as earnings season picked up pace and traders looked ahead to the Fed decision midweek.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »