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Heavy losses in Google Inc.



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Olfabt company, the company announced that parent company «Google», on Monday, revenues were below Wall Street expectations in the first quarter of this year, against the backdrop of increased attention of practices related to privacy, as well as efforts to limit advertising on the content may be offensive.

The company posted a net profit of 6.66 billion dollars, or $ 9.50 per share for the three months ended March 31, compared with $ 9.40 billion, or $ 13.33 per share, the year before the United States.

An estimated average of analysts that the company earned $ 7.3 billion, or $ 10.48 per share, as the "Sky News" reported.

The results include a fine of $ 1700000, introduced by the European Commission to put harmful to competition in the & # 39; waking websites through search engines own limitations.

With the exception of the fine, the company received $ 11.90 per share, well above analysts' estimates of the United States to report adjusted earnings of $ 10.61 per share.

Revenue rose 16.7 percent year on year, the slowest pace in three years to reach 36.34 billion.

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