Google-parent Alphabet on Thursday reported that its profit in the recently ended quarter climbed 32.4 percent to $6.7 billion with revenue up from online ads as well as "other bets."
Alphabet said revenue in the quarter was $27.8 billion, up 24 percent from the same period a year earlier, with chief financial officer Ruth Porat crediting "strength across Google andRead more
Google parent Alphabet (Xetra: ABEA.DE - news) on Thursday reported profit climbed 20 percent, but the rise fell short of investor expectations, sending shares sharply lower.
Alphabet said that net income hit $4.2 billion in the first three months of this year, but shares sank five percent to $721.89 in after-market trades that followed release of the report.
Revenue inRead more