SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Alphabet's profit higher than expected

» Updated: 24 July 2024

» Published: 23 July 2024

Alphabet's profit higher than expected
Photo: Magnus Lejhall/TT

Google's parent company Alphabet reported a result exceeding expectations in its interim report, reports CNBC.

The IT giant's revenues landed at 84.7 billion dollars, equivalent to approximately 912 billion kronor, during the second quarter of the year, compared to the predicted 84.2 billion dollars.

The profit per share was 1.89 dollars, compared to the analysts' forecast, which averaged 1.84 dollars.

The cloud service Google Cloud brought in 10.4 billion dollars. The analysts' forecast was 10.2 billion dollars.

On the other hand, the revenues from ads on Youtube did not meet expectations. They amounted to 8.7 billion dollars, compared to the predicted 8.9 billion dollars.

Alphabet's share had risen by just over 1 percent after half an hour in after-hours trading on the New York Stock Exchange.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Down on Wall Street
1 MIN READ

Down on Wall Street

Billion Fines for American Express
1 MIN READ

Billion Fines for American Express

Adviser: Trump wants to save Tiktok
3 MIN READ

Adviser: Trump wants to save Tiktok

Employers want to stop Israel blockade
1 MIN READ

Employers want to stop Israel blockade

Crisis for Vapiano – Applies for Reconstruction
1 MIN READ

Crisis for Vapiano – Applies for Reconstruction

Lagerhaus Applies for Reconstruction
1 MIN READ

Lagerhaus Applies for Reconstruction

Kristersson wants to act against Chinese online companies
1 MIN READ

Kristersson wants to act against Chinese online companies

Nintendo shows the successor to Switch
1 MIN READ

Nintendo shows the successor to Switch

Unexpectedly weak growth for US retail sales
1 MIN READ

Unexpectedly weak growth for US retail sales

New - smaller model - to boost Polestar
1 MIN READ

New - smaller model - to boost Polestar

New strength signals from the US banking sector
2 MIN READ

New strength signals from the US banking sector

Court Approves Plantagen's Reconstruction
1 MIN READ

Court Approves Plantagen's Reconstruction

Hitachi invests in Piteå – 100 new jobs
1 MIN READ

Hitachi invests in Piteå – 100 new jobs

Increased Probability of Interest Rate Cut
1 MIN READ

Increased Probability of Interest Rate Cut

Mass Layoffs at Oil Giant
1 MIN READ

Mass Layoffs at Oil Giant

Northvolt gets reprieve from US court
2 MIN READ

Northvolt gets reprieve from US court

Proposals for new electricity areas delayed
1 MIN READ

Proposals for new electricity areas delayed

Luxury Rally on European Exchanges
1 MIN READ

Luxury Rally on European Exchanges

Slightly Higher Inflation Expectations
1 MIN READ

Slightly Higher Inflation Expectations

Unexpectedly weak growth in the UK
1 MIN READ

Unexpectedly weak growth in the UK