Alphabet Inc., the parent company of Google, reported a third-quarter earnings miss that sent its stock down 2% in after-hours trading on Monday.
Google properties led the way in revenue with $28.65 billion, up 19% from $24.05 billion in the year-ago quarter. Google ad revenue improved 17% to $33.9 billion. The company also announced a repurchase of up to an additional $25 billion of its Class C stock.Google’s “other revenue,” which includes hardware like its Pixel phones and cloud products, jumped 39% to $6.43 billion.
“I am extremely pleased with the progress we made across the board in the third quarter, from our recent advancements in search and quantum computing to our strong revenue growth driven by mobile search, YouTube and Cloud,” Google Chief Executive Sundar Pichai said in a statement announcing the results.
مصر أحدث الأخبار, مصر عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Alphabet dips on earnings missAlphabet missed earnings expectations, sending the stock down after hours
اقرأ أكثر »
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.
اقرأ أكثر »
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.
اقرأ أكثر »
Alphabet to report third-quarter earnings after the bellAnalysts expected Alphabet to gain on another strong quarter of sales.
اقرأ أكثر »
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.
اقرأ أكثر »