By Dade Hayes Finance Editor Alphabet, parent company of Google, reported mixed quarterly results Tuesday, falling short of Wall Street profit estimates after a sharp downturn in the last month of the January-to-March quarter.
Total revenue rose 13% to $41.16 billion, well above analysts’ consensus forecast for $40.33 billion. Earnings per share, though, came in at $9.87, below the Street’s target of $10.38. “Performance was strong during the first two months of the quarter, but then in March we experienced a significant slowdown in ad revenues,” CFO Ruth Porat said. “We are sharpening our focus on executing more efficiently, while continuing to invest in our long-term opportunities.” YouTube viewing has surged during the COVID-19 crisis
Read more on deadline.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.