- 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.
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Google dips after reporting an earnings miss (GOOGL, GOOG)
Shares of Google fell after it reported earnings that missed Wall Street's estimates.
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