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Google parent Alphabet stocks fall despite 22% revenue rise
short by Shruti Maria Mahendar / on 05 Feb 2019,Tuesday
Google's parent company Alphabet's shares on Tuesday plunged over 3% in after-hours trading despite delivering fourth-quarter revenue of $39.27 billion, a 22% rise from the year-ago period. This comes as the company's capital expenditures rose 80% to $6.85 billion during the quarter. The rise was largely due to building and running data centres and offices, Alphabet CFO Ruth Porat said.
short by Shruti Maria Mahendar / 07:59 pm on 05 Feb
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