Google parent Alphabet boosts revenue 21%

Google parent beats Q4 estimates stock still drops

Google parent beats Q4 estimates stock still drops

The company reported net income of US$8.95 billion, or US$12.77 per Class A and B common share and Class C capital share, in the quarter ended December 31, compared with a loss of US$3.02 billion, or US$4.35 per share, a year earlier when it recorded a one-time tax charge of $9.9 billion.

Chief Financial Officer Robin Washington listed a number factors that could impact the company's 2019 results, including demand for higher discounts on HIV drugs from USA payers, price competition from generics and further shifts in hepatitis C market share.

Google web properties revenues - ad money from Google's own websites - were $27bn, up 22 per cent from $22.2bn in Q4 2017. For a point of comparison, Google's "other revenues" segment "only" brought in $3.4 billion in revenue in the last quarter of 2016, so the business has nearly doubled in the last two years.

Fourth-quarter sales of Gilead's HIV drugs rose to $4.1 billion from $3.4 billion. The search giant's operating income rose 13% year-over-year from $8.6 billion to $9.7 billion.

Alphabet's non-Google "other bets" unit reported $154m in revenue, up 18 per cent from $131m.

Revenues were $136.8bn, up 23 per cent from $110.9bn a year ago. That's $375m a day, every damn day, in sales over the year. Without those changes, net income for Q4 of 2017 would have been $6.8 billion. That's just over $84m profit a day, every day, for the whole year.

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Trump's former personal attorney Michael Cohen has been extensively interviewed by prosecutors in the Southern District office. Cohen's home, office and hotel room, Federal Bureau of Investigation agents obtained a recorded conversation between Mr.

Earnings per share on the year were $43.70, up from $18.27 last year, but short of $45.79 analysts estimated.

Google business revenue was $136.2bn, up from $110.4bn past year.

While both Microsoft and Amazon emerged as early leaders in cloud computing, Google has remained a distant No. 3, but it has a legitimate opportunity to be a more significant player, according to Daniel Ives, research analyst at Wedbush Securities.

Google faced scrutiny in late 2018 over alleged bias against conservatives on its signature search engine, as well as the decision to provide Android co-founder Andy Rubin $90 million in severance pay after he was sacked amid sexual misconduct claims - sparking a global protest among employees.

Despite beating Wall Street's expectations, investors seemed a little wary of increased expenses during the quarter, sending the stock down three percent in after-hours trading.

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