Friday, October 28, 2016

Google beats Wall Street expectations with $22.45B in revenue, ad value still in decline (TechCrunch)

A strong quarter for the world's second-most-valuable company; the other part of the digital advertising duopoly (Facebook) reports next Weds

"Alphabet’s strategy of trying to stuff the difference between declining mobile advertising value with additional clicks appears to still be paying off as the company once again showed Wall Street that it can make a ton of money and continue to grow.

Alphabet (we’re just gonna call it what it is because we’re talking about the core business: Google) reported earnings of $9.06 per share on revenue of $22.4 billion. That’s another 20 percent gain compared to the same quarter a year ago. Wall Street was looking for earnings of $8.64 per share on revenue of $22.05 billion."
Google beats Wall Street expectations with $22.45B in revenue, ad value still in decline
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