Alphabet Inc’s Q1 2019 Earnings Disappoint As Google’s Ad Revenues Fall
https://wccftech.com/alphabet-q1-2019-earnings-fall/
Under the shadow of the EC’s latest fine, Google’s parent company Alphabet Inc (NASDAQ:GOOG) reported its earnings results for the first quarter of 2019. Prior to the company’s investor call, Wall Street had set expectations for $30 Billion in Revenue and Alphabet Inc. has reported Revenues of $29.48 Billion.
The group has however exceeded estimations for Earnings Per Share, by reporting $11.90/share as opposed to estimates of $10.17/share. As Alphabet had announced prior to today’s earnings release, the company has also accounted for a $1.9 Billion fine levied on it by the European Commission for uncompetitive practices part of agreements that Google had with its AdSense partners.