alphabet, parent company of the Google search engine, announced Monday an increase of 17.8% in quarterly revenue, with strong advertising sales on mobile hardware and YouTube and became the first US market capitalization. It then represented $ 568 billion against 535 billion for Apple.
The internet giant has recorded better than expected last year, when its net profit rose notably 12% to $ 15.8 billion, according to results released Monday.
Losses on the autonomous car
On the fourth quarter alone, net profit rose 5% to $ 4.9 billion, and earnings per share, which is the benchmark on Wall Street, rose 8.67 dollars when analysts on average expected as 8.10 dollars.
The group announced the first results of the new structure to improve transparency, has reported a consolidated turnover. However, total operating losses in the segment “Other Bets” including the autonomous car and contact lenses monitoring blood sugar and others have risen to $ 3.57 billion on 12 months to December 31
Source Reuters
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