Skip in Skip x Embed x Share CLOSE The EU has slapped Google with an unprecedented $2.7 billion fine because they're not playing nice. Excluding certain items such as the EU fine, earnings were $8.90 a share. Profit plunged because Alphabet took a charge in the quarter for the $2.74 billion antitrust fine from European regulators. "Changes to the company's practices — left ambiguously for Google to solve, or else face another fine — may hurt revenue growth," Wieser said. This is crucial for Google, whose digital advertising business will eventually reach a point of saturation, analysts say.
according to
Alphabet reported a quarterly profit of $3.5 billion, in a sharp decline from a year ago, with a $2.74 billion antitrust fine in Europe biting into earnings. "I don't see Google changing its behavior, which means the EU could continue to hit them with excessive fines," Enderle said. The EU accuses Google of giving its multitude of services too much priority in search results to the detriment of other price comparison services. EU files fresh anti-trust charges against Google The European Union filed new anti-trust charges against Google on Thursday (14 July), piling pressure on the US tech giant over the alleged abuse of its market dominance. Investors will also be watching to make sure this is a one-time fine, because not even a behemoth like Google can take that kind of cash hit each quarter, the analyst said.
read more visit us profit
collected by :Jack Luxor
according to
Virgin Money shares take a hit despite 26% profit boost
It sounded alarm bells over risky mortgage lending, mounting credit card debts and an explosion of car finance deals. Shares in Virgin Money fell more than 6 per cent today despite the challenger bank's announcement of a 26 per cent rise in profits for the first half of the year. Virgin Money said in April that it will keep an eye on increasing consumer debt levels after credit card balances jumped 8 per cent in the first quarter. Credit card balances increased to £2.8billion in the first half of the year, 13 per cent higher than the same quarter in 2016. Adjusted profit before tax of £128.6m was up 26 per cent on the same period last year, boosted by growth in the bank's main mortgages, credit card and savings businesses.Alphabet reported a quarterly profit of $3.5 billion, in a sharp decline from a year ago, with a $2.74 billion antitrust fine in Europe biting into earnings. "I don't see Google changing its behavior, which means the EU could continue to hit them with excessive fines," Enderle said. The EU accuses Google of giving its multitude of services too much priority in search results to the detriment of other price comparison services. EU files fresh anti-trust charges against Google The European Union filed new anti-trust charges against Google on Thursday (14 July), piling pressure on the US tech giant over the alleged abuse of its market dominance. Investors will also be watching to make sure this is a one-time fine, because not even a behemoth like Google can take that kind of cash hit each quarter, the analyst said.
read more visit us profit
collected by :Jack Luxor
Comments
Post a Comment