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Shares of the Parent Slide Google, profit hit, but Revenue Misses On Investing.com



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© Reuters.

Investing.com – Shares of the alphabet, corporate search giant Google father, served after hours Monday after the company reported that in the first quarter exceeded analysts' expectations, but revenue that fell short of forecasts.

Alphabet (NASDAQ 🙂 stock fell nearly 7% after hitting new closing and 52-week high in regular trading on the day when, and finished at a record high.

Alphabet reported earnings per share of $ 11.90 and revenue of $ 36.34 billion. Analysts polled investing.com expected a profit of $ 10.53 and revenue of $ 37.3 billion.

Revenue fell 10.7% from a year ago due to a fine of $ 1.7 billion, to charge by the European Commission, charging the agreement, the Google had with AdSense for search partners infringe European competition law. Without penalty, alphabet he said would earn 11.50 per share.

A year ago, the alphabet earned $ 13.33 to a profit of $ 31150000000. The Company reported revenue of $ 12.77 and revenue of $ 39.28 billion in the fourth quarter of 2018.

Total revenue grew 17% year over year to $ 36.33 billion, but investors closed the stock because the gain was 26% in the first quarter of 2018. In addition, operating profit fell by 18% compared to 25% in the previous year. Most of the decrease is due to the EU fine. Without penalty, profitability would have been 23%, even lower than a year ago.

Google's advertising revenue grew by 15.3% to $ 30.72 billion Transportation costs for the purchase -. Or vendor payments with Google system – rose slightly to $ 3,48 biilion.

Capital expenditures were lower than expected at $ 4640000000. Alphabet has spent heavily in recent years, the addition of data centers and the like, and analysts expect that the capital cost of $ 6.06 billion.

With the closing of the regular Alphabet shares rose 24% in the year and were close to a market capitalization of $ 900 billion. If after hours price of $ 1,207.10 held on Tuesday, up from year-to-date decline to 15.5% with a market capitalization close to $ 840 billion .

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