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. Alphabet shares slid about 3.1 percent to $967.20 in after-market trades that followed the release of the earnings figures. The EU accuses Google of giving its multitude of services too much priority in search results to the detriment of other price comparison services. "I don't see Google changing its behavior, which means the EU could continue to hit them with excessive fines," Enderle said. "The EU does not have a sense of humor when it comes to US companies telling them to take a hike."

Source: The Nation Bangkok July 24, 2017 23:37 UTC