Economy

Google parent’s fourth-quarter revenue, profit beat estimates

Google parent’s fourth-quarter revenue, profit beat estimates

"ORCOM00093-topic.html" class="local_link" > Alphabet beat Wall Street expectations for its fourth quarter earnings Monday, although its stock slid in after-hours trading over investor concerns about increased spending.

Google parent company Alphabet used its Q4 2018 earnings report to reveal it generated $39.28 billion United States dollars (roughly $51.56 billion CAD) between October 2018 and December 31st, 2018.

Facebook Inc. showed that last week by reporting a 30 percent jump in fourth-quarter revenue from a year earlier. Alphabet said its traffic and acquisition cost - the money it pays to companies to run its ads and services - was $7.4 billion during the quarter, up from $6.5 billion a year ago.

"With great opportunities ahead, we continue to make focused investments in the talent and infrastructure needed to bring exceptional products and experiences to our users, advertisers and partners around the globe", Porat added.

Alphabet made a profit of $8.9 billion in the fourth quarter of previous year compared with...

Google's other revenues, which include hardware sales and cloud computing, rose to $6.5 billion for the quarter from just shy of $5 billion a year ago. 1 The number of new employees - excluding contractors and the like - jumped 23 percent in a year to almost 100,000. Twelve analysts surveyed by Zacks expected $31.28 billion. It barely brushed that mark in the fourth quarter, but that's a hard pace to keep up for a company with more than $100 billion in sales.

The per-click cost on Google's advertising - an imprecise but generally useful yardstick for how much Google is able to charge advertisers - was down 29 percent compared to a year ago, and 9 percent from last quarter.

More news: Pompeo: Second Trump-Kim summit to be held somewhere in Asia

Alphabet's earnings totaled $12.77 a share in the fourth quarter, about $2 a share above the consensus estimate. Alphabet's results in that division were higher than the $7.62 billion Wall Street projected.

"If Google really wants to see more of a sum-of-its-parts valuation from investors, they're going to have to start disclosing", Aaron Kessler, an analyst at Raymond James, said.

FILE PHOTO - The Google name is displayed outside the company's office in London, Britain November 1, 2018.

The same appears true for Google parent company Alphabet Inc.

The other segment of interest in Alphabet's ledger is "other bets", which is where the company lumps all non-Google business.

One of the biggest challenges, it seems, that Alphabet faces is the battle to dominate cloud storage and services. The "other bets" businesses had an operating loss of $3.4 billion in 2018, or about $4 per share. Among the more damaging of those was its work on a China-specific search engine which ultimately caused questions to be raised by the United States government.


  • Soap Opera Star Kristoff St

    Soap Opera Star Kristoff St

    John's cause of death has been deferred by the Los Angeles County Coroner until an "additional investigation" is completed. John received numerous awards, including nine Daytime Emmys, over the 25 years he worked on The Young and the Restless .
    Kylie Jenner Threw The Most Adorable First Birthday Party For Stormi

    Kylie Jenner Threw The Most Adorable First Birthday Party For Stormi

    And on Sunday, Kylie Jenner shared video to her Instagram Stories of herself in full glam riding in the back of a auto . Kylie Jenner shared the news on Instagram , but did not let the rain stop her from celebrating Stormi's birthday.
    MMA fighter wanted in killings captured after escaping van

    MMA fighter wanted in killings captured after escaping van

    Marks has three pending murder charges against him, authorities said, adding that he is considered to be "extremely unsafe ". The two were last seen alive on January 4 before their bodies were found in Clearview, Okla., on January 15.
  • Meghan Markle Hires A Doula For Childbirth & Prince Harry Getting ‘Coaching’ Lessons

    Meghan Markle Hires A Doula For Childbirth & Prince Harry Getting ‘Coaching’ Lessons

    There are automated tools which help police the very inappropriate comments getting through, but there is also manual moderation. The Duke and Duchess of Cambridge as well as Queen Elizabeth and Prince Philip have sweet pet names they call one another too.
    Investigators spot body in wreckage of plane carrying missing soccer player

    Investigators spot body in wreckage of plane carrying missing soccer player

    Cardiff City held a ceremony for Sala prior to its game against Arsenal last week, the team's first match since he went missing. Sala's father Horacio Sala , who is still back home in Argentina, woke up with the news of the plane wreckage being found.
    Patriots, Rams Set To Lock Horns In 2nd Super Bowl Showdown

    Patriots, Rams Set To Lock Horns In 2nd Super Bowl Showdown

    The largest margin in a Patriots Super Bowl under this regime has been the eight points the Eagles beat them by a year ago. The Rams have only been to four Super Bowls, and this is their first since they lost to the Patriots at Super Bowl XXXVI.
  • SUPER BOWL: Maroon 5 lacked flair for the dramatic at halftime show

    SUPER BOWL: Maroon 5 lacked flair for the dramatic at halftime show

    Super Bowl halftime performers, Maroon 5 , Travis Scott and Big Boi , set the Internet ablaze on Sunday night. The Maroon 5 frontman also hinted at plans to honor those who feel like their voices aren't being heard.
    Osinbajo escapes as 'own' Helicopter crashlands

    Osinbajo escapes as 'own' Helicopter crashlands

    "The NAF wishes to state categorically that the helicopter that crashed in Kabba does not belong to the NAF or 011 PAF". It was gathered, that Senator Babafemi Ojudu, the VP's aide, and Physician to the VP's wife were onboard the craft.
    Here's How to Win Beyoncé and Jay-Z Tickets For Life

    Here's How to Win Beyoncé and Jay-Z Tickets For Life

    Beyoncé and JAY-Z are giving fans all the motivation they need to start living a new lifestyle with a new vegan challenge. The Greenprint Project suggests that people opt to go meatless on Mondays, or have a plant based breakfast.
  • Kyrie appears to walk back Celtics commitment: 'I don't owe anybody s---'

    Kyrie appears to walk back Celtics commitment: 'I don't owe anybody s---'

    James said of that call: "We talked and it was a great conversation", but wouldn't divulge what he said to Irving. The Knicks' new players were not available, so they started Dotson and Kadeem Allen as guards.
    Endgame' trailer has dropped and we're trying not to cry!

    Endgame' trailer has dropped and we're trying not to cry!

    As with the previous teaser , we get little glimpses of each of the Avengers , all of whom are still leaning into their feelings. In other news, Recently, The Russo Brothers also reacted to the Avengers: Endgame hype with a hilarious response of their own.
    Solskjaer: Anthony Martial Needs To Score More Tap-Ins

    Solskjaer: Anthony Martial Needs To Score More Tap-Ins

    We have players like him and Marcus Rashford , they score worldie goals . "Very good", Solskjaer said of Martial's potential. But the Frenchman has been an integral part of the side since Solskjaer replaced the sacked Mourinho in December.