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Google Earnings Miss Estimates But Internet Search Advertising Holds Up

Google stock rose after earnings and revenue missed Wall Street targets but sales growth at its core digital ad business topped views. Read More...

The Telegraph

Google profits slump as recession fears mount

Google has suffered its slowest quarterly sales growth in two years, in the latest sign of a global downturn for tech. Alphabet, the search engine giant’s parent company, posted a 12pc rise in quarterly revenue to $69.7bn (£57.96). The performance, while better than rivals, was its weakest growth in two years and profits fell 13.6pc to $16bn. Advertising revenue, earned largely from its search business, rose by 2.2pc. Ruth Porat, chief finance officer of Alphabet and Google, called it a “solid p

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