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Friday, 22 April 2016

Alphabet Earnings Disappoint as Google Ad Clicks Cost Less

European regulators brought the hammer down on Google this week, and investors barely blinked. But when the company’s first-quarter
numbers came in a little light on Thursday afternoon, its stock immediately plummeted.

Both revenue and profit rose sharply from 2015 but missed analysts’ forecasts. Revenue, at $20.26 billion, was about $120 million less than
expected. Earnings per share, excluding certain items, were $7.50 when the consensus estimate
was $7.96 [...] read more

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