Alphabet posts huge 25% increase in revenue, investors shrug off impact of EU fine

Alphabet's second-quarter results were just released to investors, and although revenues are up 25%, reaching $32.65 billion—comparing favorably to both last quarter's results and Q2 2017—it isn't all good news. Taking into account the effects of the recent $5 billion antitrust fine by the EU, net income is actually down significantly to ~$3.2 billion, a loss of 9.3% compared to Google's fine-extrapolated numbers for Q1 2017. That doesn't seem to have investors too worried, though, as the pre-fine numbers beat expectations by a large margin, driving up Alphabet's stock price in after-hours trading by 5%.

Read More

Alphabet posts huge 25% increase in revenue, investors shrug off impact of EU fine was written by the awesome team at Android Police.

from Android Police – Android news, reviews, apps, games, phones, tablets https://ift.tt/2uZELUJ