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Mountain View (APA / Reuters / dpa) – Despite impressive online advertising revenue, Alphabet, Google's parent company, has not met investor expectations this summer. The sales of the search engine provider in the third quarter, however, grew by 21% to 33.7 billion dollars (29.52 billion euros), announced Thursday the group. However, this was below badysts' expectations.
The surplus soared nearly 37% to $ 9.2 billion. Nevertheless, the stock has fallen more than four percent after normal hours. According to the experts, increasing pressure on costs is weighing on the giants of technology.
"Google's earnings momentum remains strong," said Haris Anwar, an badyst at Investing.com, "but if you go further, you'll see cost pressures that build on the disappointment of the company. past quarter. " The fears of the tech company have made investors fear that large-scale investment in new businesses, stronger regulatory controls and competition will only make slow and unpredictable gains. After the publication of the figures, the Alphabet shares fell about 4.4% to 1,055 USD after the publication of the figures.
According to the Refinitive data provider, badysts expected a sales increase of $ 34.05 billion in the third quarter. Net income was $ 13.06 per share, compared with $ 9.57 in the same quarter of the previous year. That exceeded the badyst's estimate of $ 10.45.
For years, Google's revenue has been growing rapidly as consumers flock to search engine ads and YouTube ads. In the third quarter, advertising revenues amounted to approximately $ 29 billion, an increase of 20.3% over the previous year and above the estimated average of $ 28.76 billion. dollars. However, sales in other areas such as healthcare, cloud activities and hardware sales were below expectations. In addition, rivals like Amazon are nibbling Google's advertising sales. Amazon, which also released the third quarter data, once again benefited from its strong presence in the cloud and traditional online business. Sales rose 29% to $ 56.6 billion. As with Google, however, it was not up to expectations.
In a letter to Google staff, CEO Sundar Pichai said the company had fired 48 employees for unauthorized badual harbadment in the past two years. The e-mail, published by various US media on the Internet, revealed that 13 of the dismissed people were executives.
The fact that Pichai wanted to demonstrate internally that Google alleged allegations of improper behavior, a hard line, had a good reason: with the message to employees, the boss of Google responded to a report published in the "New York Times" ". Citing two insiders, the newspaper said Google had ignored a dark chapter by leaving Andy Rubin – the brains behind the Android operating system for smartphones – in 2014. Rubin reportedly was accused by an employee, with whom he would have been an extramarital relationship, and forced her to have oral bad in a hotel room in 2013.
Google has learned of the existence of these charges, but Rubin is pleased with his departure with the utmost care and has given him a bidding package of $ 90 million. , says the report. A spokesman for Rubin denied the charges and said he had left the company on his own.
According to the New York Times, over the past decade, Google has also held protective hands over two other leaders accused of badual harbadment. The newspaper relies on corporate and legal documents and talks with more than three dozen Google employees.
~ ISIN US02079K1079 WEB https://abc.xyz/ ~ APA027 2018-10-26 / 06: 37
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