Alphabet Inc’s Q218 Earnings Decimate Expectations Despite Google’s Hefty Fine

Alphabet Inc’s Q218 Earnings Decimate Expectations Despite Google’s Hefty Fine

6 years ago
Anonymous $hM_jrxqbr-

https://wccftech.com/alphabet-google-q2-earnings-2018-release-revenue-net-income-pichai-eu-fine/

A few days back news broke that the European Union had fined Google a massive $5.04 Billion, that would end up making for a big hit on the company’s earnings this quarter. Well, Google’s parent company Alphabet Inc. (NASDAQ:GOOG) just posted its second quarter results and the impact did make quite a huge dent in the company’s Net Income/share available to shareholders.

Wall Street had expected Alphabet’s Revenue to stand at $25.6 Billion and Earnings Per Share at $9.64. Alphabet also continues to play its role as a major tech investor; a fact that’s also reflected in its strong EPS gains (if we exclude the impact of EU’s fine). So how well did Google’s parent company perform this quarter? Let’s take a detailed look.