Google Parent Alphabet Crushes Second Quarter Earnings Expectations

The Mountain View, California-based company brought in revenue of $38.9 billion during the quarter, a 19% bump from the same period last year. The company reported profit of $14.21 per share, or $9.9 billion during the quarter, nearly triple what it made last year when it paid a $5.1 billion European Commission fine.

Google’s stock rose more than 7 percent in after-hours trading immediately after the earnings report was released. Google is facing mounting pressure from federal elected officials and regulators over a variety of issues such as its market power, misinformation and claims -- usually offered without evidence -- that its popular search engine and other services are biased against conservative politicians and viewpoints.On Thursday, the campaign for Democratic presidential candidatesued Google, alleging the company improperly suspended her advertising account after the first presidential debate.

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Google Posts Strong Earnings as Threats MountGoogle’s parent bounced back from a rare stumble, posting strong earnings as an impending antitrust investigation threatens to choke the search giant’s online-advertising spigot. American corporations operate like predators...using people to make money for 'shareholders'! One of these animals can come in and buy a company...fire the very people who built the company..sell it and then give the profits to who? Shareholders!
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