Analysts expect the tech giant to report profits per share of $9.59, on revenue of $32.17 billion in the three months ending in June.
US stock index futures rose on Tuesday and the Nasdaq looked poised to strike a fresh record high after Google's parent Alphabet shattered profit expectations and powered a rally among high-growth technology companies.
"Google abused its market dominance as a search engine by promoting its own comparison shopping service in its search results, and demoting those of competitors", Commissioner Margrethe Vestager said at the time of the fine. Key ad-driven services like Google Search and YouTube grew dramatically as well. Earnings, adjusted for non-recurring costs, came to $11.75 per share.
"One of the biggest opportunities for investment continues to be in our ads business", Porat told analysts on the earnings call.
Verizon rose 2.4 percent after posting better-than-expected quarterly profit and revenue as the wireless carrier attracted more subscribers with unlimited data plans. That leaves the infamously opaque "other revenues" segment - including the hardware business, Play Store, etc. - to bring in $4.4 billion in revenue. Revenue was $32.7 billion, an increase of 26 percent over the same period previous year. That leap reflects a recent push by Google to get marketers buying across more of its advertising channels.
Netflix shares fall 14% after it misses subscriber, revenue expectations
Some investors have seen Netflix as the future of television-a sure-to-be dominant hub for all our entertainment viewing. Analysts were expecting 6.3 million - 1.2 million in the USA and 5.1 million internationally, according to Bloomberg .
White House, State at odds over Putin’s interview proposal
On Monday, President Trump criticized his own intelligence community, praised Putin and then drew bipartisan ire. The protest came after Trump's chaotic summit and subsequent comments to reporters in Helsinki.
New boss Sarri vows to bring the fun back to the Bridge
LMA Chief Executive Richard Bevan said: "Antonio made an immediate impact when he arrived in the Premier League two years ago".
The company's CEO Sundar Pichai said it was too early to understand the impact of the fines on Android's operations. "They're using the packaged deal, with all their properties, with a much stronger sell", said Marco Rimini, chief development officer at WPP's Mindshare media agency. It is gaining ground on Amazon, the ecommerce giant that is the world's second... Google's traffic acquisition costs - what it pays to partners - also went up, reaching $3.4bn, from $3bn in Q2 2017.
In March, the research firm eMarketer estimated that Google would capture about 37% of digital ad spending in the U.S. this year, down from nearly 39% in 2017.
Areas such as cloud computing and "other bets" have also added to Google's spending. In the year-ago quarter, ads were 86 percent.
"TAC came in lower than expectations which is a clear positive takeaway from the quarter", Dan Ives, head of technology research at GBH Insights, wrote in a note to investors. So-called "other revenue"-which includes revenue from Google's cloud as well as devices like the Pixel phone and the Home speaker-rose 37% to $4.4 billion, or about 14% of its total revenue". The company is appealing the decision but included the charge in its latest quarterly earnings report.
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