Alphabet shares rise as it beats profit estimates on Google's online ads

Alphabet Inc. on Monday reported that expenses from its Google search business grew more slowly in the second quarter while revenue rose more steeply than analysts had anticipated, boosting profit above Wall Street targets and pushing shares up 3.

6 per cent after hours. Google's dominance in online advertising has been challenged this year by the antitrust battle over its Android mobile software, which led to a $5 billion fine for the quarter, and other regulatory actions, including new European privacy rules. Government pressure.....

This article is no longer available in our repository.

There could be multiple reasons for this.