Alphabet's Q2 profit triggers rally, despite $5B EU fine

Alphabet's Q2 profit triggers rally, despite $5B EU fine

6 years ago
Anonymous $hM_jrxqbr-

https://apnews.com/7724a93accdf8d432f3b3ed9452f166b

MOUNTAIN VIEW, Calif. (AP) — Shares in Google parent Alphabet jumped in after-hours trading Monday as the company's second-quarter results exceeded Wall Street forecasts after taking into account a $5 billion charge levied by European regulators.

The company reported second-quarter profit of $3.2 billion. When excluding the fine, earnings came to $11.75 per share, which topped the average estimate of $9.45 per share by analysts surveyed by Zacks Investment Research.

Alphabet's Q2 profit triggers rally, despite $5B EU fine

Jul 23, 2018, 10:36pm UTC
https://apnews.com/7724a93accdf8d432f3b3ed9452f166b > MOUNTAIN VIEW, Calif. (AP) — Shares in Google parent Alphabet jumped in after-hours trading Monday as the company's second-quarter results exceeded Wall Street forecasts after taking into account a $5 billion charge levied by European regulators. > The company reported second-quarter profit of $3.2 billion. When excluding the fine, earnings came to $11.75 per share, which topped the average estimate of $9.45 per share by analysts surveyed by Zacks Investment Research.