Revenue jumped 16.7 per cent to US$36.34 billion; analysts had expected revenue of US$37.33 billion
Google-parent Alphabet Inc missed Wall Street estimates for first-quarter revenue on Monday, amid increased scrutiny on the company’s privacy practices and efforts to restrict advertising on potentially offensive content.
The company reported a net income of US$6.66 billion, or $9.50 per Class A and B common share and Class C capital share in the three months ended March 31, from US$9.40 billion, or US$13.33 per share, a year earlier. The latest quarter results included a US$1.7 billion fine by the European Commission for having placed anticompetitive advertising restrictions on websites using its search widgets.Excluding the fine, the company earned US$11.90 per share.© Thomson Reuters 2019
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Indian court moves to lift ban on Chinese video app TikTokApple Inc. and Alphabet Inc.’s Google removed TikTok from their Indian app stores following orders from IT ministry last week
Read more »
Google, Facebook, Twitter have to do more to fight fake news: EUEU has warned of foreign interference during campaigning for the European Parliament elections and national elections in Belgium, Denmark, Estonia, Finland, Greece, Poland, Portugal and Ukraine
Read more »
Google updates misconduct reporting amid employee discontentGoogle said Thursday it has updated the way it investigates misconduct claims -- changes the company pledged to make after employees called for action last year.
Read more »
Elections Canada puts Facebook, Google, other tech giants on notice over political adsThe independent agency will release a new guidance document on Wednesday with detailed explanations about how new election laws will be enforced leading up to the scheduled October federal election
Read more »
U.S. Supreme Court seeks Trump administration views on Google-Oracle copyright feudGoogle says an Oracle victory would chill software innovation. Oracle has sought about $9-billion in damages
Read more »
Google exempt from back taxes in France, appeals court confirmsGoogle Ireland did not have a ‘permanent establishment’ or sufficient taxable presence in France to justify the bill, the appeals court in Paris said
Read more »
Online platforms warned of fines, charges if they don't comply with new political ad rulesElections Canada has sent a new edict to online platforms like Facebook and Google to inform them of the need to abide by new political advertising rules, and is warning that not complying could result in fines or charges.
Read more »
Exxon Mobil’s first-quarter profit misses estimates on lower oil, gas pricesThe largest U.S. oil producer’s profits were down across its major operations, including chemicals and oil and gas production
Read more »
Snapchat parent beats revenue estimates as user base growsSnap said the number of daily active users on the app rose to 190 million in the first quarter ended March 31 from 186 million three months earlier
Read more »
Precision Drilling reports first-quarter profit, revenue up from year agoThe company says it earned $25-million or eight cents per diluted share for the quarter ended March 31
Read more »
West Fraser misses first quarter analyst expectations as earnings plungeThe company says it lost $5 million or seven cents per share in the quarter ending March 31, compared with earnings of $197 million or $2.53 per share for the same period last year.
Read more »