News Formal

Google set to lose more than $70 billion off its market cap after 'nasty combination' of slowing ad traffic and drop in sales per click

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

Google set to lose more than $70 billion off its value after 'nasty combination' of slowing ad traffic and drop in sales per click

Alphabet's stock slid by almost 8% in pre-market trading, slashing the market cap of Google's parent company by about $70 billion to $831 billion.Earnings per share of $11.90 bested consensus forecasts, excluding a €1.5 billion fine by European competition regulators.George Salmon, an equity analyst at Hargreaves Lansdown, said it's"a nasty combination of growth in traffic to Google ads slowing and lower revenue per click from those ads that's upset the market.

Google's advertising revenue rose by 15% to $30.72 billion, a sharp slowdown from 24% growth a year ago,. Paid clicks rose 39%, a significant decrease from 59% year-on-year growth in the first quarter of 2018. Cost-per-click also fell 19%, after sliding 19% in the same period of 2018.

 

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

This curve can't go on forever.

BFD. was trading at that level 10 days ago.

AdWords is the new TV

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:

 /  🏆 729. in PT

Portugal Últimas Notícias, Portugal Manchetes

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

Cramer: Be wary of stocks that rally into earnings reports, like Google-parent Alphabet did'A gentle dip ahead of earnings can be the best vaccination against a sell-off,' Jim Cramer says. This is not a true statement. alphabet had a lousy earning.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

Alphabet earnings: Google juggles good investments with being a target for EU finesAlphabet Inc. absolutely destroyed earnings expectations in every quarter in 2018 — but there are two big reasons for that. Google prices$1500 Soon. My thought $GOOGL $1500 after ER.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

Alphabet stock drops after earnings show disappointing Google sales growthAlphabet Inc. revenue came up short of expectations as all of its major sales categories performed slightly worse than projected in the first quarter, and...
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »