Google Traffic-Cost Worries Fade Away As Long As Earnings Beat
02 May, 2017, 23:27 | Author: Lorena Waters
But Google's results showed that controversy was little more than a speed bump for the company as revenue rose 22.2 per cent to United States dollars 24.75 billion from USD 20.26 billion in the quarter ended March 31. All this led to an extremely impressive EPS (Earnings per share) of $7.73.
The company saw a rise of 5 percent in its shares and the broad Nasdaq Composite Index increased 10 percent.
Together with Facebook, Google continues to slurp-up the lion's share of online advertising spending globally, pulling in $21.4bn in the first quarter - more than 86 per cent of its total revenues. Its net income rose from $4.21 billion to $5.43 billion.
The firm reported net sales of more than 35.7 billion dollars (£27.6bn) for the three months ending March 31, up from 29.1 billion (£22.5bn) for the same period past year.
Beat earnings estimates. The company reported diluted earnings of $7.73 per share, surpassing the Zacks Consensus Estimate of $7.48 per share. Net income came in at $19,478 million previous year (2016) and estimated at $23,062 million for 2017.
"YouTube revenues continue to grow at a significant rate, driven primarily by video advertising", Alphabet Chief Financial Officer Ruth Porat said during an earnings call. In 2016, more than 88 percent of Google's $89.7 billion in revenue came from advertising.
Bucks throttle Toronto, grab 2-1 series lead The Bucks managed a mere 35 points after intermission, which is nearly as poor a half as the Raptors' pitiful first in Game 3. The Bucks have also received tremendous play from their pair of rookies, Malcolm Brogdon and Thon Maker .
Operating income came in at $6.568 billion for the quarter, while operating margin was 27%, both showing increases from the first quarter of fiscal 2016.
Alphabet's other businesses such as its Verily Life Sciences, Google fiber, and Nest has overall been able to generate around $244 million during the fourth quarter of 2016 up by $165 million or 48% from the first quarter of 2016. This change resulted in a modest increase in paid clicks and a decrease in cost-per-click.
"We'll have much more to say at IO next month", says Pichai, hinting at new announcements at Google's upcoming developer's conference in May.
Pichai's base pay was $650,000 and in addition to that, he received stock award for $198.7 million, taking the total compensation to an enviable number.
Alphabet's drive for diversification also includes its "Other Bets" business, considered the company's loss-making arm.
He said the USA leader likewise expressed interest "in developing a warm, working relationship with President Duterte". In a second incident, Duterte told Obama in October to "go to hell" over criticism of his deadly anti-drug campaign.
The dinner has reportedly hosted every sitting president since Calvin Coolidge at least once since its founding in 1921. Mr Pence got the crowd riled up by claiming Mr Trump put the fear into Islamic State (IS, also known as ISIS).
It would have been tough for Jackson to be "very angry" about the Civil War considering he died over a decade before it began. There was a fundamental difference between the North and the South as the South feared for the future of slavery.
Trubisky is unproven, and likely did not warrant a top pick given the other glaring needs the Bears have at other positions. What Trubisky and Grossman share in common is they were both drafted by the Bears organization.
Sabi ko nga (I said), 'Is there any room here for guests?' Sabi nila meron for guests (They said they have room for guests). Duterte said he has not accepted the invitation because of scheduled trips to Russia, Israel and other countries.
Drugmakers have largely objected to having their products used in executions and have refused to sell to prisons for that goal . In his other state Supreme Court race in 2006, Griffen challenged his rival to a debate over the free-speech rights of judges.
The United States is seeking more help from China, the North's major ally, to rein in Pyongyang's nuclear and missile development. His secretary of state, Rex Tillerson, said on Friday all options remained on the table with regard to North Korea.
The three students with serious injuries were taken to University Medical Center Brackenridge, where they are now being treated. White walked into a dormitory still holding the knife in his hand but did not attack anyone else before he was apprehended.
First, Alex Ovechkin slashed Crosby in the shoulder area and the follow-through caught the Penguins' captain in the head. Evgeni Malkin got the first goal on a slap shot, and Justin Schultz got the second to send the game to overtime.
Princess Charlotte about to turn 2; new photo released
Kensington Palace has published a new photo of little Charlotte who will celebrate her two years this Tuesday, May 2. Her shiny chestnut locks are coiffed to the side with a navy blue bow as she plays with a toy in her hands.
Bread Furst Baker Mark Furstenburg Wins a James Beard Award
The James Beard award for Best Chef Southwest remained elusive for Barley Swine chef-owner Bryce Gilmore Monday night in Chicago. He joined the opening staff at Shaya in 2015, after cooking in Philadelphia at Zahav, another renowned Israeli restaurant.
EU says membership talks still open if Turkey wants them
It will become clear after the talks between the two leaders", a government official told the Indian Express newspaper . Erdogan also mentioned the nuclear sphere as one of the possible aspects of cooperation between the countries.