29 de septiembre de 2020
ÚLTIMAS NOTICIAS:
English - News

Alphabet beats on earnings per share, misses on revenue

San Francisco, Feb 3 (efe-epa).- Internet giant Alphabet, the parent company of Google, released yearly and quarterly results on Monday, showing net profits of $34.343 billion in 2019, 11.7 percent more than the previous year, when the company took in $30.736 billion in profits.

The Mountain View, California-based multinational conglomerate announced its results after the close on the New York Stock Exchange, saying that it took in $161.857 billion this past year, 18.3 percent more than the $136.819 billion it earned during its 2018 fiscal year.

For the first time, and in a significant change of its strategy for communicating its financial results, Alphabet (ticker symbol GOOGL) released its earnings by sectors, including isolated figures for two of the products that spark the most interest in terms of the firm's future among analysts and investors: YouTube, which billed $15.15 billion in 2019 and Google Cloud, which achieved sales of $8.92 billion.

The firm said that during the fourth quarter of 2019 it earned $10.7 billion, or $15.35 per share, beating analysts' expectations and up 19 percent from the $8.9 billion - or $12.77 per share - during the same quarter in 2018.

Analysts had expected the firm to announce earnings of $12.49 per share, as per FactSet polling of analysts.

But although analysts had expected $38.4 billion in net revenue after advertising costs, the firm missed that target, announcing earnings of $37.6 billion and while this was up 18 percent from the $31.8 billion announced a year earlier, the miss sent the firm's shares plunging some $70 (4.7 percent) to about $1,413 in after-hours trading, after rising 3.5 percent to $1,482.60 during regular market hours.

During the past year, Alphabet significantly increased its long-term debt from $4.012 billion in December 2018 to $4.554 billion at present.

The 4Q announcement is the first quarterly earnings report since Sundar Pichai, formerly the CEO of Google, took over as CEO of Alphabet from Larry Page and Sergey Brin, who stepped down in December 2019, although the pair remain controlling shareholders of Alphabet, Inc.

Pichai said in presenting the corporate results on Monday that the firm's investments in artificial intelligence, environmental computation and the cloud provide a solid basis for continued growth and open up new opportunities in all the firm's divisions.

Alphabet is the fourth largest tech firm in the world and makes most of its revenue from global search advertising sales. Its main competitors are Apple, Amazon and Facebook.

Comentarios

Histórico de noticias
Immigrants in US send record remittances home despite Covid-19 economic crisis

By Ana Milena Varon

New York restaurants rebel against limited reopening

By Jorge Fuentelsaz

How the NYT published the blockbuster exclusive on Trump's taxes

By Jairo Mejia

Odebrecht bribery case in Mexico steaming along 2 mo. after explosive start

By Pedro Pablo Cortes

NYT accesses Trump's taxes, showing huge debts, paying no taxes for years

Washington, Sep 27 (efe-epa).- The New York Times reported Sunday that it had gained access to 15 years of President Donald Trump's tax returns, both before...

Thousands of Californians dealing with programmed blackouts to prevent fires

Los Angeles, Sep 27 (efe-epa).- Thousands of Northern California residents are without electricity on Sunday as one of the measures being taken by the...

Congress delegation to inspect ICE detention center on unwanted surgeries

Atlanta, Sep 24 (efe-epa).- A US congressional delegation on the weekend will inspect the Irwin County Detention Center in southern Georgia to investigate...

Costa Rica increasing its protected ocean territory

By Maria Jose Brenes

Trump booed while paying respects before Ginsburg's casket at Supreme Court

Washington, Sep 24 (efe-epa).- A large crowd loudly booed President Donald Trump on Thursday during his visit to the Supreme Court, where the late Justice...

Why Brazil's Pantanal is having the worst fires in recent decades

By Carlos Meneses Sanchez

Trump: November election result will end up in Supreme Court

Washington, Sep 23 (efe-epa).- President Donald Trump said Wednesday that he believes the result of the November presidential election will end up in the...

US begins test of Covid-19 vaccine with 60,000 volunteers

Washington, Sep 23 (efe-epa).- Janssen Pharmaceutica, owned by US multinational Johnson & Johnson, on Wednesday launched one of the world's largest tests of...

Trump prohibits Americans from staying in 400-plus hotels in Cuba

Washington, Sep 23 (efe-epa).- President Donald Trump on Wednesday announced new sanctions against Cuba, prohibiting Americans from staying in hotels on the...

Migrant who reported sterilization at US detention center released

Atlanta, Sep 23 (efe-epa).- Pauline Binam, one of the immigrants who complained that they had been sterilized against their will at a migrant detention...

Debate about high court vacancy heats up US election climate

By Laura Barros

Trump registered his trademark in 2008 in Cuba to build hotels, casinos

Miami, Sep 22 (efe-epa).- President Donald Trump registered his business trademark in Cuba in 2008 with an eye toward building hotels, casinos and golf...

Typed draft of Neruda sonnet found

Santiago, Sep 22 (efe-epa).- A preliminary typewritten and signed version of Chilean poet Pablo Neruda's 1965 sonnet "Sangre de Toro" (Blood of the Bull)...

UN celebrates 75th anniversary with lackluster summit amid problems

By Mario Villar

Trump insists he'll fill Supreme Court vacancy, despite nearness of election

Washington, Sep 21 (efe-epa).- President Donald Trump insisted on Monday that he will quickly replace the late Supreme Court Justice Ruth Bader Ginsburg...

"Ultra-Hot Neptune," new exoplanet 260 light years from Earth

Santiago, Sep 21 (efe-epa).- An investigation headed by Chilean scientists has discovered the first so-called "Ultra-Hot Neptune," a type of exoplanet...

Brazilian government calls for halt to "Cuties" screenings, Netflix probe

Rio de Janeiro, Sep 21 (efe-epa).- The Jair Bolsonaro administration on Monday called for a halt to local screenings of the French film "Mignonnes"...

DeChambeau scores decisive win in US Open

Mamaroneck, New York, Sep 20 (efe-epa).- US golfer Bryson DeChambeau won his first major tourney on Sunday in decisive fashion, sweeping to victory in the...

Colombian police receiving yoga workshops to manage emotions on the job

By Jeimmy Paola Sierra

Gasoline shortage in Venezuela, new weapon in ongoing political fight

By Ron Gonzalez