Google earnings for the first quarter of 2020 took a licking, thanks to the coronavirus, but it still keeps ticking.
Expecting a downturn due to COVID-19, analysts lowered their earnings estimates ahead of the tech giant’s report. Alphabet still reported an earnings miss, but it wound up edging out revenue expectations. Overall advertising and services revenue from properties such as search, Gmail, Google Play and YouTube grew — as much as 11.6 percent to $28.54 billion — but still came in below the just-lowered expectations of $29.07 billion.
On the up side, the company’s gross revenue landed at $41.16 billion for an increase of 13 percent. While that fell short of its 17 percent growth from the year-ago quarter, it was enough to beat expectations of $40.98 billion. That’s certainly the case for Google, whose cloud computing revenue soared to $2.78 billion. While less than the $2.81 billion anticipated, it still amounts to a surge in growth of 34 percent.
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Live: Here come Google and Alphabet's Q1 earnings - Business InsiderAlphabet is set to announce its Q1 2020 earnings, and all eyes are on how much damage the pandemic is doing to its ad business.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »
Facebook hopes to pick up where Google and Snap left off, in crazy earnings dayAlphabet Inc. and Snap Inc. have warned about severe downturns in the online-advertising market in the past week, and seen their stocks head higher. Facebook...
Fonte: MarketWatch - 🏆 3. / 97 Leggi di più »
Here's the good news Alphabet execs delivered on its Q1 earnings call, sending the stock soaringThe company's first quarter results and executive assurances stoked optimism amid pandemic's unchartered waters. LOL SELL Maybe CNBC could mention the Thunderbirds too. Not only the Blue Angels. Cnbc Was anybody really worried about Google's holding company?
Fonte: CNBC - 🏆 12. / 72 Leggi di più »