The benefit of Alphabet, Google matrix not meet expectations – Investing.com Spain

By Deborah M. Todd and Narottam Medhora

(Reuters) – Alphabet (NASDAQ Inc, the parent company of Google, announced Thursday that failed to meet its goals revenues and profits in the first quarter, prompting a drop in shares of more than 4 percent after the market close.

Alphabet, the second largest listed company in the world, said consolidated sales grew 20,260 million in the first quarter ended March 31, from 17.260 billion a year earlier.

That figure was slightly below the average analyst estimates of 20,370 billion, according to Thomson Reuters I / B / E / S. Earnings per share of $ 7.50 excluding special items also failed to comply with the average analyst estimate of $ 7.97.

In a conference call after the announcement of the results, financial director of Alphabet Ruth Porat said that “as a result of the current strength of the dollar, suffer a negative currency impact on our revenues of 762 million dollars.”

Google’s advertising revenue grew 16.2 percent to 18.020 million, while the number of ad clicks, or payment- increased by 29 percent, the company said.

the losses increased business Other Markets, which includes its broadband subsidiary Google Fiber, business automation Nest, driverless cars and X, the research subsidiary of the company that works on flights to the moon.

the net profit reached 4.210 million dollars, or $ 6.02 per share of types a, B and C, from 3.520 billion, or $ 5.10 per share.

the company’s stock fell to $ 744.21 . in after closing the regular session at $ 780 operations

(Reporting by Narottam Medhora in Bangalore and Deborah Todd in San Francisco; published in Spanish by Manuel Farias / Hernán García)

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