Google shares seen lower as earnings highlight higher Google expenses

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After eliminating costs for traffic acquisitions, Google's revenue alone was estimated at.87 billion. Revenue came in a bit higher, but earnings per share missed analyst expectations at $9.70 vs. the 9.98 expected by Thomson Reuters consensus estimates. Alphabet logged a net loss due to a United States tax system change, but the firm's management says it had a net profit when the tax effects are excluded. Google uses its focus on AI as a competitive edge to sell its cloud business to prospective customers.

Alphabet's "other bets" category delivered revenue of $409 million, up from $262 million a year earlier. Porat also referenced much higher marketing expenses for hardware and the cloud operation. For the first quarter, analysts model earnings of $9.29 on revenue of $23.99 billion. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of US & global copyright & trademark law. AWS earned an operating profit of $1.4 billion on a 45 percent leap in revenue, to $5.1 billion.

MKM Partners analyst Rob Sanderson said in a note to clients last month that Google had "the most unrecognized value" of big publicly traded tech companies despite some concerns about regulatory issues.

Google's other revenues, which includes its burgeoning enterprise business, hardware sales, and app store, posted $US4.69 billion in revenue, bringing total Google revenue to $US31.91 billion.

Menendez bribery case dropped by Justice Department
Defense lawyers had argued Melgen's donations had to be tied to specific acts by Menendez to be considered bribes. The spokeswoman said the Justice Department's decision was prompted by a judge's decision last week to acquit Mr.

Amazon said that excluding the $US1.1 billion favourable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales rose 36% compared with fourth quarter 2016.

Chief executive Sundar Pichai said during Thursday's Alphabet earnings call that Google (googl) would be "making significant investments in offices across nine states, including Colorado and MI".

Google's cloud division has had its first billion dollar financial quarter, with the search giant claiming it is the fastest growing public cloud service provider around.

During the question-and-answer portion of the call, Pichai added that Google's 19-year legacy as a company built on a cloud platform, as well as its continuous investments in the platform, have helped build a business-friendly cloud offering. The Company's businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company's segments include Google and Other Bets. Analysts had figured an operating loss of $940 million on revenue of $355 million.

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