Alphabet shares slipped slightly in after-market trades that followed release of the earnings report, evidently on investor concerns about growing costs. Photo: APSan Francisco: Google parent Alphabet reported a surge in quarterly profits on Monday, lifted by strong growth in the digital advertising segment it dominates along with Facebook. Profit in the first three months of 2018 soared more than 70% from a year ago to $9.4 billion, Alphabet said in an earnings report that was well above forecasts. Alphabet shares slipped slightly in after-market trades that followed release of the earnings report, evidently on investor concerns about growing costs. “It’s been a particularly tough few weeks for the Google family, especially at YouTube,” Pichai said.

Source: Mint April 24, 2018 03:45 UTC