Article 48EZ5 Alphabet shares sink despite making $8.9bn profit in last quarter

Alphabet shares sink despite making $8.9bn profit in last quarter

by
Dominic Rushe in New York
from Technology | The Guardian on (#48EZ5)

Parent company of Google earned $39.27bn in last quarter of 2018, with revenues 22% higher compared to previous year

Alphabet, the parent company of the internet search giant Google, earned $39.27bn in the last three months of 2018, but its share price sank as its costs rose.

Related: Google board tried to cover up sexual misconduct, shareholders allege

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