US News

Google parent Alphabet reaches record quarterly revenue, profit in ad boom

Published by
Reuters

By Sheila Dang and Nivedita Balu (Reuters) -Google parent Alphabet Inc’s quarterly revenue and profit surged to record highs, the company reported on Tuesday, powered by a rise in advertising spending as more consumers shopped online. Shares of Alphabet, the world’s largest provider of search and video ads, rose 3.3% in extended trading after the results, which handily beat analyst estimates. Shares of Facebook, which competes with Google in web ad sales and reports its own results on Wednesday, rose 1.3%. Overall, it was a stellar day for the big U.S. tech companies – Apple and Microsoft also…

Read More

Facebook Comments

Check Also

UK: Record Number Of Migrants Crossing English Channel

UK: Record Number Of Migrants Crossing English Channel ...

Archives