Shares in the company fell more than 6 per cent following the results on Monday night, though they had hit a record level earlier in the day and are up around 20 per cent so far this year.
Sales came in at $29.5 billion, excluding payments to distribution partners, Alphabet said. Wall Street was looking for $30.04 billion, according to the average of analysts’ estimates compiled by Bloomberg.
Revenue from Google advertising rose 15 per cent from a...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team