Friday, October 26, 2018

Alphabet records $33.7 billion revenue in Q3 but stock still falls amid missed targets

In the wake of a record $5 billion EU antitrust fine, Google parent company Alphabet was still able to post a 25% increase in revenue at the end of Q2 (against that same period last year). Financial results for the third quarter of 2018 are in and despite strong profits, Alphabet missed its targets and share prices fell somewhat.

With revenues of $33.7 billion, the company still managed a 21% year-on-year increase, but that still wasn't enough to appease every investor.

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Alphabet records $33.7 billion revenue in Q3 but stock still falls amid missed targets was written by the awesome team at Android Police.



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