Google parent Alphabet Inc. reported its second straight earnings decline on Tuesday, although analysts see the company’s search business as a major positive in a tough macro environment. Despite reporting second-quarter results that were slightly lower than Wall Street’s estimates, Alphabet Inc. (GOOGL) (GOOG) shares bounced 3.0% in premarket trading Wednesday. After removing traffic acquisition costs, Alphabet’s revenue was $57.5 billion, compared with $51.0 billion in the same period last year and the company’s overall revenue grew 13% to $69.7 billion. Read More...
Google parent Alphabet Inc. reported its second straight earnings decline on Tuesday, although analysts see the company’s search business as a major positive in a tough macro environment. Despite reporting second-quarter results that were slightly lower than Wall Street’s estimates, Alphabet Inc. (GOOGL) (GOOG) shares bounced 3.0% in premarket trading Wednesday. After removing traffic acquisition costs, Alphabet’s revenue was $57.5 billion, compared with $51.0 billion in the same period last year and the company’s overall revenue grew 13% to $69.7 billion.
