if you are interested in it , Get free samples :sales@edabearings.com

 
The quarterly report eased investors' worries about the company's future beyond the non core business of investment search business. And there is no sign that global privacy concerns have affected the company's profits.
"The strong economy has made companies willing to increase advertising, and media ads are now moving from the traditional type of advertising to more effective online and social media ads," said Ivan Feinseth, an analyst at Tigress Financial Partners. Google continues to dominate the mobile and desktop search business.
Global revenue grew to $31 billion 100 million, up from an average forecast of $30 billion 300 million by Thomson Reuters I/B/E/S analysts. However, the operating profit margin dropped to 22%, compared with 27% in the same period last year.
Alphabet's profit margin in the last few quarters has fallen, as the company has invested heavily in new projects in its core sector, Google's cloud computing and hardware, although it has reduced investment in a series of unprofitable, so-called "other betting" innovation projects.
The company's quarterly profit was $9 billion 400 million, or earnings per share of $13.33, according to Thomson Reuters I/B/E/S, analysts estimated that they were $6 billion 560 million or $9.28 respectively. According to the new accounting method, about $3.40 of earnings per share comes from unrealized gains from start-ups such as [UBER.UL].
Excluding the investment related income and other items, the adjusted EPS was $9.93, exceeding the analyst's estimated $9.28. The effective tax rate (effective tax rate) of Alphabet dropped from 20% in the same period last year to 11%.

---

PREVIOUS:US house sales growth in March, but tight inventory and rising housing prices re        NEXT:The president of Italy assigns a new mediator