Google shrugs off $5.1 bn fine with big earnings; makes $3.2 bn in profits

European authorities took their best swing, but it appears that Google hardly felt it.

Less than a week after the European Union fined Google a record $5.1 billion for abusing its dominance in the smartphone market, Google’s parent company, Alphabet, said on Monday it had already absorbed the cost of the fine and still made $3.2 billion in profits in its latest quarter.

Alphabet’s stock rose 3.5 percent in after-hours trading, and some analysts recommended the company’s shares. With the regulatory issue settled, they said, Google could get back to focusing on selling ads across the internet.

“It’s like a delivery company having