- Shares of Alphabet's
- Google reported revenue of $25.9 billion, below Wall Street's estimates of $26.23 billion.
- It reported non-adjusted earnings of $9.70 per share, compared to analysts' estimates of $10.04 per share.
- Its traffic acquisition costs, a concern for Wall Street observers, was $6.45 billion, up from $4.85 billion a year ago.
- The company also announced that John Hennessy was appointed as chairman of the board. He replaced Eric Schmidt, who stepped down several weeks ago.
ADVERTISEMENT
Google dips after reporting an earnings miss (GOOGL, GOOG)
Shares of Google fell after it reported earnings that missed Wall Street's estimates.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Here's everything to know about being a virgin on your wedding night
7 do's and don’ts of the Holy month of Ramadan
Top 5 sweetest celebrity mother-child relationships that stand out for us
International Women's Day: 5 Nigerian female celebrities championing women’s rights
Top 5 female directors in Nollywood
6 things that will break a Muslim's fast during Ramadan
5 benefits of fasting during Ramadan
5 reasons Easter was more fun when we were children
Dos and don’ts of supporting Muslims during Ramadan
ADVERTISEMENT