SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Alphabet Inc. (Google)
GOOGL 1,516+0.6%Aug 13 3:59 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Sr K4/28/2020 4:34:05 PM
1 Recommendation

Recommended By
Glenn Petersen

  Read Replies (1) of 15377
 
4/28/2020

6 minutes ago

Shares of Alphabet rose 3.5% to $1,275 following the after-hours release of financial results. Alphabet shares were down about 8% this year at Tuesday's close.

A booming economy and rising internet usage have driven Google to record revenues in the last few years. But the virus has split those two trends, with consumer spending now plunging and reliance on internet services surging.

"Performance was strong during the first two months of the quarter, but then in March we experienced a significant slowdown in ad revenues," Alphabet Chief Financial Officer Ruth Porat said in a press release.

Alphabet’s overall revenue in the first quarter was $41.2 billion, up 13% compared with the same period last year. The average estimate among financial analysts tracked by Refinitiv was $40.29 billion, up 10.87%, expecting the slowest growth since 11.1% in the second quarter of 2015.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext