But as Alphabet reported another blockbuster earnings result on the back of strong sales of search advertising, the inquiry and any potential fallout were not discussed. Unlike Amazon, Alphabet gushed profits. Alphabet reported net income of $6.73 billion, or $9.57 a share — surpassing Wall Street’s earnings forecasts by more than a dollar. The fine temporarily hit the company’s bottom line but did little to slow revenue growth or demand for its advertising. The average earnings estimate compiled by Thomson Reuters was 72 cents a share, with revenue of $23.56 billion.

Source: New York Times October 26, 2017 23:37 UTC