News Formal

Alphabet earnings dented by spending on cloud business

  • 📰 latimes
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 82%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Alphabet Inc.’s quarterly earnings were dented by heavy investment in Google’s cloud-computing business, which is key to future growth but still runs a distant third in the market behind Amazon.com Inc. and Microsoft Corp.

Net income was $7.1 billion, or $10.12 a share, down from $9.2 billion, or $13.06 a share, in the same period a year earlier, the companyAlphabet shares fell about 1% in extended trading, after closing at $1,288.98.

“We continue to invest thoughtfully in talent and infrastructure to support our growth, particularly in newer areas like cloud and machine learning,” Ruth Porat, chief financial officer of Alphabet and Google, said in a statement.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Please permit me who writes it selfishly. Prime Minister Abe doesn't regret Japanese history. Prime Minister Abe's spirit is changed by the dangerous organization. Prime Minister Abe operates information using Japanese media. Japan people don't believe Prime Minister Abe's word.

These investments will pay off later into the cycle where many others may fail.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 11. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Fitbit stock soars amid reports of potential acquisition by Google's Alphabet Inc.Fitbit stock soared by more than 30% amid reports that Alphabet Inc., the company that owns Google, was said to be looking into purchasing the fitness tracking company. Yasss google plus Fitbit, I want them all.
Källa: ABC - 🏆 471. / 51 Läs mer »

Alphabet dips on earnings missAlphabet missed earnings expectations, sending the stock down after hours
Källa: CNBC - 🏆 12. / 72 Läs mer »

Alphabet stock dips on earnings missAlphabet missed earnings expectations, sending the stock down after hours. Maybe they need a new infusion of ethics!
Källa: CNBC - 🏆 12. / 72 Läs mer »

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.
Källa: CNBC - 🏆 12. / 72 Läs mer »