Alphabet: mixed quarterly results
(CercleFinance.com) - On Thursday night, Alphabet group reported quarterly results that included flat revenues at 38.
3 billion dollars at constant exchange rates.
However, at current exchange rates revenues slipped around 2%.
The parent company of Google also posted a drop in its net income, which fell 30% from 9.95 billion dollars in Q2 2019 to 6.96 billion dollars this year: logically, its EPS also decreased - from 14.21 dollars to 10.13 dollars.
On Thursday Alphabet reported a fall in quarterly sales for the first time since its IPO 16 years ago. However, this decline is not as bad as expected, Kiplink analysts said this morning.
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