Alphabet: profit hit by Brussels' fine
(CercleFinance.com) - On Monday evening Alphabet announced Q1 2019 net income that is down 29% to under 6.
7 billion dollars, or 9.50 dollars per share, with the group hit by Brussels' fine at the end of March.
Excluding this extraordinary item, the parent company of the Google search engine earned 11.90 dollars per share, well above the consensus of around 10.20 dollars.
The technology giant's adjusted operating margin rose by five points to 23%, for revenues that are up 17% at 36.3 billion dollars (+19% at constant exchange rates), growth which Alphabet said was driven by mobile search, YouTube and the Cloud.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
7 billion dollars, or 9.50 dollars per share, with the group hit by Brussels' fine at the end of March.
Excluding this extraordinary item, the parent company of the Google search engine earned 11.90 dollars per share, well above the consensus of around 10.20 dollars.
The technology giant's adjusted operating margin rose by five points to 23%, for revenues that are up 17% at 36.3 billion dollars (+19% at constant exchange rates), growth which Alphabet said was driven by mobile search, YouTube and the Cloud.
Copyright (c) 2019 CercleFinance.com. All rights reserved.