Alphabet earnings miss estimates but ad business shows resilience

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Despite strong ad sales the company remains cautious, saying it has paused hiring

Search and other related businesses posted second-quarter sales of $40.7bn. Picture: BLOOMBERG

Google’s sales gains indicate the company’s advertising business — especially its search ads — may be positioned to weather a crunch in marketing spending, which has affected smaller competitors including Snap and Twitter. By contrast, Google’s ad sales beat analysts’ expectations. The company is nevertheless remaining cautious, saying that it temporarily paused hiring.

“I would construe this report as a sigh of relief,” said Dan Morgan, a senior portfolio manager at Synovus Trust Company. “I think the fact that ad revenues beat in a very hostile environment has to be a feather in its cap that Google can deliver, even when competitors are really struggling.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

JSE firmer as investors digest US corporate earningsInvestors are evaluating company results earnings while waiting for this week’s pivotal Federal Reserve meeting Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met Allison_Grillo and started Bitcoin trading, I earned R150,000 in 3 weeks thanks Allison_Grillo. I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you.
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: JSE firms, but investors are on high alertConditions remain choppy ahead of US tech company earnings and the Fed policy decision
Source: BDliveSA - 🏆 12. / 63 Read more »

Cashbuild expects 30% drop in headline earningsBuilding materials retailer sees slowdown in home improvement It's going to get worst because there are just too many hardware stores popping up everywhere by Pakistani foreign nationals who are also buying in syndicates to compete with Cash build and the likes
Source: BDliveSA - 🏆 12. / 63 Read more »

Cashbuild expects 30% drop in headline earningsBuilding materials retailer sees slowdown in home improvement
Source: BDliveSA - 🏆 12. / 63 Read more »