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Google falls short on third-quarter profit

Google falls short on third-quarter profit

5 years ago
Anonymous $xdcOWPpsb_

https://apnews.com/d90ef96c2a3e47feb4bbdf1eae38aa86

SAN FRANCISCO (AP) — Google parent company Alphabet reported mixed third-quarter results Monday, beating analyst expectations for revenue but falling short on profits. The stock fell almost 3% immediately in after-hours trading, although it later made up roughly half of that drop.

The company reported a profit of $7.1 billion, or $10.12 per share — significantly below the $8.7 billion expected by analysts polled by FactSet.

Google falls short on third-quarter profit

Oct 28, 2019, 9:17pm UTC
https://apnews.com/d90ef96c2a3e47feb4bbdf1eae38aa86 > SAN FRANCISCO (AP) — Google parent company Alphabet reported mixed third-quarter results Monday, beating analyst expectations for revenue but falling short on profits. The stock fell almost 3% immediately in after-hours trading, although it later made up roughly half of that drop. > The company reported a profit of $7.1 billion, or $10.12 per share — significantly below the $8.7 billion expected by analysts polled by FactSet.