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Search resuls for: "Greg Bensinger Nivedita Balu"


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☆ Alphabet misses Street estimates as ad business slips after pandemic run-up
  + stars: | 2023-02-02 | by ( Greg Bensinger Nivedita Balu | Greg Bensinger | Nivedita Balu | ) www.reuters.com   time to read: +3 min
Shares of Alphabet, were down about 4% in after-hours trading, after losing about 40% of their value in 2022. Revenue from Google advertising, which includes Search and YouTube, fell 3.6% to $59.04 billion. Alphabet's net income fell to $13.62 billion, or $1.05 per share, from $20.64 billion, or $1.53 per share, a year earlier. Adjusted profit of $1.05 per share fell short of an expected $1.18 per share, according to Refinitiv. Like rivals, Alphabet had bulked up during the pandemic and into last year, adding 12,700 new jobs in the third quarter alone.
☆ Alphabet disappoints on sales as ad business slips after pandemic run-up
  + stars: | 2023-02-02 | by ( Greg Bensinger Nivedita Balu | Greg Bensinger | Nivedita Balu | ) www.reuters.com   time to read: +5 min
Across the company, Alphabet will "meaningfully" slow its pace of hiring this year, said Porat. Net income fell to $13.62 billion, or $1.05 per share, from $20.64 billion, or $1.53 per share, a year earlier. Adjusted profit of $1.05 per share fell short of an expected $1.18 per share, according to Refinitiv. Revenue from Google advertising, which includes Search and YouTube, fell 3.6% to $59.04 billion. Late last month, the Justice Department and eight states sued Google over what they said were anticompetitive practices in its digital ad sales.
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