Google Earnings Miss Estimates But Internet Search Advertising Holds Up
- 2 tahun yang lalu
Shares in Google-parent Alphabet (GOOGL) jumped Wednesday after the internet giant posted better-than-feared June quarter results.
Revenue growth at the core digital advertising business of GOOGL stock edged by views, though earnings and revenue missed.
Google's advertising revenue tied to internet search seems resilient, analysts say. Search-related ad revenue rose 14% year-over-year, topping estimates.
Alphabet reported second quarter earnings after the market close on Tuesday. Google said second-quarter earnings fell 11% to $1.21 per share.
Revenue growth at the core digital advertising business of GOOGL stock edged by views, though earnings and revenue missed.
Google's advertising revenue tied to internet search seems resilient, analysts say. Search-related ad revenue rose 14% year-over-year, topping estimates.
Alphabet reported second quarter earnings after the market close on Tuesday. Google said second-quarter earnings fell 11% to $1.21 per share.