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Google's parent company, Alphabet, has lost its forecast



Google's parent company made a net profit of $ 6.7 billion, or $ 9.50 a share. That compares to a profit of $ 9.4 billion, or $ 13.33 per share in the period of 2018.

Sales increased 16.7 percent to $ 36.3 billion. Analysts had expected sales of $ 37.3 billion.

The result includes a fine of $ 1.7 billion for the European Commission for breach of EU competition law.

The stock price fell on the aftermarket.


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