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The share of the alphabet falls after the launch of the number – Stock Exchange and Finance



Google's owner, Alphabet, has released quarterly figures for the first quarter of the year after the market's closing on Wall Street on Monday.

The result was $ 6.66 billion, or $ 9.50 per share.

A fine of $ 1.7 billion for the company's online advertising practices overwhelmed the result. Excluding the fine, the result was $ 11.90 per share.

Revenue was $ 36.34 billion.

In advance, according to Refinitiv, a profit of $ 10.61 per share (adjusted for the fine) was expected, and revenues were expected to reach $ 37.33 billion.

That means the technology giant has lost its expectations of revenue.

This despite the fact that revenues rose compared to the same period last year when revenues reached $ 31.15 billion. At that time, the result was US $ 9.93 per share.

Shares declined nearly four percent shortly after the number fell – then the decline plunged, and shares fell 5.5 percent.


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