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

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

Reuters 

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 to improve moderation of user-created content ...

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First Published: Tue, July 24 2018. 08:04 IST
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