Google parent Alphabet's shares drop as earnings miss expectations
In line with our assessment in the pre-earnings note, much of the growth was driven by mobile search and YouTube.
If you feel that Google claims all the eggs in the Alphabet basket, that is still true as the search division generated the bulk of the company's $26.06 billion revenue for the fourth quarter of 2016.
On Thursday, Google parent Alphabet Inc. posted fourth-quarter profit below analysts' estimates. "We see tremendous potential ahead for these businesses, as well as in the continued development of non-advertising revenue streams for YouTube", Porat said on a call with investors.
The increase in search engine ad revenue also highlights the payoff from Google's 2006 acquisition of YouTube for $1.65 billion.
The "other bets" portion of its business includes ambitious projects like self-driving cars, life sciences research and high-speed Internet access. While the majority of the balance sheet was expectedly occupied by Google, some of Alphabet's other companies also managed to make a good showing of themselves.
Google's "Other" revenue - its non-advertising business, which includes its "G Suite" business software and nascent hardware business - reached $3.4 billion, a 62 percent increase from previous year.
Alphabetannounced its fourth-quarter earnings today.
Alphabet has just published Q4 2016 earnings of $26 billion, up 22% from the same quarter past year.
The technology giant saw overall revenue increase by 22% to 26.1 billion U.S. dollars (£20.7bn) on the same period a year ago, while net income was also up to more than 5.3 billion dollars (£4.2bn). CFO Ruth Porat said Alphabet would "continue to calibrate the magnitude and pace" of its investments in other bets, and "exercise careful stewardship over the amounts and pace of investments". It's likely that a small miss in earnings-per-share ($9.36, excluding some expenses, versus $9.61 expected) caused some of the market's consternation, as did the fact that Alphabet doesn't seem to be reeling in those "Other Bets" losses.
Indeed, Alaphabet's somewhat nebulous assortment of "Other Bets", such as new Pixel phones and Google Glass, finally seems to be taking of, albeit at a snail's pace. According to data from Alphabet, this particular category of projects made $260 million in sales during the last three months of 2016.
To Google's credit, however, recent declines in aggregate cost-per-click have largely stemmed from rapid growth of YouTube TrueView ad impressions. The update significantly expanded the reach of Google's Customer Match targeting, as PLAs account for almost one-third of all retailers' Google paid search clicks.
When one Williams walked out after winning the semifinal, the other entered for her's and the sisters barely exchanged glances. He improved his record in Grand Slam semifinals to an impressive 21-3 and advanced to his fourth Australian Open final.
Ruslan Stoyanov is under investigation for a period predating his employment at Kaspersky Lab", said a Kaspersky Lab spokesperson. According to Stoyanov's Russian LinkedIn profile , he had previously worked at the Russian Interior Cyber Crime Unit.
Kylie Jenner's bob is back! The curvy 19-year-old has blessed fans with new pics from her Puma collaboration. In a Snapchat story posted Monday night, we see her in the auto with dark, chin-length locks.
Lim said he expects the year-on-year increase in digital payments among the bank's clients may reach 20 percent in 2017. Start to think about what goals you would like to accomplish and what you want to achieve this year.
No tsunami warning has been issued for Australia or New Zealand, and there have been no immediate reports of damage or casualties. Earlier , the center said tsunami waves up to 1 meter above the tide level are possible for the PNG and Solomon Island coasts.
McGill University student and Montreal resident Joseph Decunha was in a separate group to be stopped and turned away. Border agents told him that if he tried again to enter the United States this weekend, he would be refused.
Roethlisberger on the loss: "It's disappointing that we couldn't get this one for (chairman emeritus Dan) Rooney". It may seem a little outlandish of him contemplate his future in football, but it is not definite.
The meeting, organized by Russian Federation and Turkey, was attended by both the Syrian government and the armed opposition. The two sides sat at the same table for the opening statements, but spent the rest of yesterday negotiating via mediators.
The results could be illuminating for the new administration as it moves forward on promises to reopen NAFTA. Canada's minister of global trade, Chrystia Freeland, did not respond to a request for comment.
Hull's ninth straight away loss was marred by a head injury to Ryan Mason , who was carried off on a stretcher as oxygen was administered.
Today, US Gets Back Control of Its Border
Trump views the wall, a major part of his election campaign, as part of a package of measures to curb illegal immigration. Those U.S.jobs could be jeopardized if trade halts along the U.S. -Mexico border, which reportedly happened when U.S.
Madeleine Albright: I will 'register as Muslim'
Albright believes she needs to show support to Muslim Americans who have felt persecuted by President Donald Trump . Albright also tweeted Wednesday that "America must remain open to people of all faiths & backgrounds".
Man robs Kansas bank to 'escape wife'
A pensioner has admitted to robbing a bank in Kansas after deciding he would rather be in jail than be at home with his wife. So, the 70-year-old made a decision to rob a Kansas City, Kan., bank because he preferred prison to living with his wife.
Halliburton Beats Profit Expectations, But Sales Miss
The average true range of the stock is observed at 1.01 and the relative strength index of the stock is recorded at 63.57. On average, equities analysts predict that Halliburton Company will post $1.15 earnings per share for the current year.
Northern Dynasty Minerals Ltd (NYSEMKT:NAK) & Opko Health Inc
For the Q4 this year, the consensus current earnings per share trend estimates was for $0.10 while for one month ago was $0.10. The consensus recommendation by Thomson Reuters analysts is Hold and their mean rating for the stock is 3.21 on scale of 1-5.
Rio Tinto sells mines to China's Yancoal
Li Xiyong, chairman of Yancoal, was excited about the addition of world class, tier-one assets to the company's asset base. The sale of Coal & Allied represents the culmination of an extensive assessment of all strategic options, Rio said .
White House offers 'alternative facts' to media
The new USA president took a swipe at the media over reports about the size of the crowds for his swearing-in ceremony on Friday. Todd initially asked her to explain why press secretary Sean Spicer was sent out Saturday to "litigate" the crowd size issue.