The company's stock fell as much as 4% in after hours trading.$10.12 vs. $12.42 per share expected, per Refinitiv consensus estimates.Traffic acquisition costs:Paid clicks on Google properties from Q3 2018 to Q3 2019:The company met investors' expectations on traffic acquisition costs. The metric represents the payments Google makes to companies likefor its search engine to be the default browser on their devices.
Google's advertising revenue hit $33.92 billion in Q3, compared to $28.95 billion in Q3 of last year. Google's "other revenue," which includes hardware like its Pixel phones and cloud products, came in at $6.43 billion, surpassing expectations of $6.32 billion, according to Factset. The company earned $6.18 billion last quarter and $4.64 billion in last year's Q3.
CNBC confirmed earlier in the day that Alphabet made an offer to buy smartwatch company Fitbit, which would make Alphabet a player in the wearable fitness tracking space, competing against the likes ofAlphabet said its revenue from "other bets," which includes its subsidiaries outside of Google like the self-driving car company Waymo, came in at $155 billion, which was more than last year's Q3 $146 million in the year-ago quarter.
Capital expenditures increased from $5.28 billion in the year-ago quarter to $6.73 billion as the company expands its headquarters expansions in Silicon Valley and other areas.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
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.
Weiterlesen »
Alphabet to report third-quarter earnings after the bellAnalysts expected Alphabet to gain on another strong quarter of sales.
Weiterlesen »
LIVE: Here come Alphabet's earningsGoogle's parent company is reporting its third-quarter results on Monday. Wall Street is expecting strong sales but declining earnings.
Weiterlesen »
Here's why traders are betting on Alphabet into earningsAlphabet is gearing up to report earnings, and Todd Gordon of TradingAnalysis.com and Mark Tepper of Strategic Wealth Partners both see the stock as a buy. TradingNation Hep dinleme bunlar bzzzzz〰️bağ 👆he he kapı aq TradingNation I want to see revenue from foreign-government-owned entities called out separately.
Weiterlesen »
Alphabet could take out its all-time highs after earnings, says top technical analystThe tech sector has nearly doubled the markets gains this year, and those wins may get even bigger after Alphabet reports earnings Monday afternoon. why after earnings? is that part of technical analysis?
Weiterlesen »