Alphabet shares sink despite making $8.9bn profit in last quarter
▻https://www.theguardian.com/technology/2019/feb/04/alphabet-google-shares-profits-earnings-quarterly-report
Parent company of Google earned $39.27bn in last quarter of 2018, with revenues 22% higher compared to previous year Alphabet, the parent company of the internet search giant Google, earned $39.27bn in the last three months of 2018, but its share price sank as its costs rose. Alphabet’s revenues for the quarter were 22% higher than the same period last year and the company made a profit of $8.9bn, the company announced on Monday. Revenues in the US rose 20% while revenues from Europe, the (...)
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