What they got, however, were some assurances that the economic effects of the coronavirus pandemic may not be as bad as they feared. That sparked a sharp rise in the stock after hours, rising to a peak of nearly 10%.earnings of $9.87 per share and revenue $41.16 billion on Tuesday -- a miss on earnings and a beat on revenue, based on expectations from analysts summarized by Refinitiv.
While the outlook wasn't all rosy, as executives promised a "difficult" quarter ahead, here's the good news they shared.Porat admitted there was a "abrupt" drop-off in ad revenues in March, but suggested things were not getting worse in April. At another point, she said that "we're seeing some early signs at this point that users are returning to more commercial behavior," even while cautioning "it's not clear how durable or monetizable that will be."YouTube advertising revenues were $4.04 billion, up 33% year on year. Execs said that strong YouTube revenue growth persisted until mid-March, which was when the coronavirus officially became a global pandemic.
If only they paid their taxes
Huge manipulation of the reality
LOL ok.
any guidance on expected trends on advertising revenue?
Alphabet certainly does deliver on not paying taxes while relying on it’s customers to pay their taxes to keep the economy going so Alphabet can profit. That’s creating a false economy which must eventually fail bringing many others down with it. Greed is not a survival tactic.
Maybe CNBC could mention the Thunderbirds too. Not only the Blue Angels. Cnbc
Was anybody really worried about Google's holding company?
LOL SELL
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