Alphabet: net profits burdened by fine from Brussels

(CercleFinance.com) - This Monday evening, Alphabet, the parent company of search engine Google, unveiled net profits down 9% to 3.
2 billion dollars for the second quarter of 2018, weighed down by the heavy fine recently imposed by Brussels.

Excluding this exceptional charge, the technological giant's profits increased 32% to close to 8.3 billion dollars, or 11.75 dollars per share, whilst analysts anticipated an average of 9.5 dollars.

In data adjusted for the fine, operating margin lost two points to 24%, for a 26% increase in revenue to close to 32.7 billion dollars (+23% outside currency effects).

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