Google-parent Alphabet Inc. missed Wall Street estimates for first-quarter revenue on Monday, amid increased scrutiny on the company's privacy practices and efforts to restrict advertising on potentially offensive content. The latest quarter results included a $1.7 billion fine by the European Commission for having placed anticompetitive advertising restrictions on websites using its search widgets. Revenue jumped 16.7 percent to $36.34 billion. Excluding the fine, the company earned $11.90 per share. Analysts on average had expected revenue of $37.33 billion, according to IBES data from Refinitiv.

Source: CBC News April 29, 2019 20:26 UTC