Alphabet Inc revealed its fourth-quarter financial results and they are somewhat of a mixed bag. During the holiday season revenue from advertising went up 17.4% to $22.4 billion. However earnings per share were $9.36, which is lower than the $9.67 expected by analysts. The CFO Ruth Porat underlined that the company broadens its business in hardware, app sales and cloud services which climbed 62% to $3.4 billion. Results could be even better but Google was hit with a higher tax rate of 22%, contributing to the dent in profitability. Google-branded hardware showed promise -...
Source: http://www.gsmarena.com/alphabet_posts_4q_profit_higher_taxes_hurt_earnings-news-23023.php
