Alphabet Shares Hit All-Time High After Earnings

Alphabet Shares Hit All-Time High After Earnings

Alphabet Shares Hit All-Time High After Earnings

But Wall Street wasn't bothered by the loss: The company's stock soared more than 5 percent to a record high in after-hours trading following its earnings report.

Such a change could mean fewer people using Google's search engine on their phones, which would undercut an advertising business that is fueled by users clicking on ads in mobile search results. He wrote recently that Waymo's industry-leading technology in self-driving cars could lead to a "winner take most" position as the company is expected to roll out its first commercial service this year. "That's going to raise more and more questions about Google's business".

Google revenues, which include the company's enterprise cloud, software, and data management products, attributed most of Q2 sales with $32.5 billion in revenue.

Thankfully Google is still offering its translate service without any obtrusive ads.

Google parent Alphabet spent a whopping $5.5 billion on capital expenditures in the most recent quarter, almost doubling that output from a year ago as the company continues to expand its cloud business.

Alphabet, Google's parent company, has just published its Q2 2018 financials. Last quarter, Alphabet reported paid clicks growth of 55 percent with cost-per-click down 18 percent. Without the approx $5 billion European Union fine, Alphabet would have reported earnings of $11.75 a share.

Trump's Two Hours Alone With Putin Still Rattling Washington
Since then, Coats has apologized for his seemingly "awkward" response, and said that he wasn't trying to disrespect Trump. The Russian government has proclaimed Butina's innocence, promoting the hashtag #freeMariaButina on social media.

"While advertising on YouTube is an incredibly strong and growing source of income for creators, we are also investing in new ways for creators to generate revenue on the platform, including pay channel memberships, merchandise shelves on YouTube channels and endorsement opportunities through a company we acquired in 2016, Fame", he said.

"We delivered another quarter of very strong performance, with revenues of $32.7 billion, up 26 percent versus the second quarter of 2017", Google CEO Ruth Porat said in a prepared statement.

Adjusted earnings per share hit $11.75, compared to the consensus estimate of $9.59.

Both Alphabet's headcount and taxes increased. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day.

Still, Alphabet's outlook remains tempered by cost concerns, Canaccord Genuity analyst Michael Graham said in a report this month. That said, it's worth considering that if Google continues to run into trouble with the government, such fines could continue to impact the company's business.

Related news