Ahead of its conference call, Alphabet has just published its Q3 2016 earnings. The company is reporting revenue of $22.4 billion, up from $18.6 billion last year in the same quarter. Additionally, the company reports a net income of $5.7 billion for the June-September quarter of 2016. Based on these results, Alphabet slightly beat analyst expectations, but the stock is down in after-hours trading.
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Google Corporate Stories September 8
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Google Corporate Stories August 22
Just a few days ago, Google revealed that it was opening a massive space in San Fransisco for startup companies to work, collaborate, and attend a number of events. Along with this effort, it appears Google has other plans for investing in startups. According to Recode, Google has quietly been investing in startup companies from former employees of the company…
Google Corporate Stories July 28
Ahead of its results call, Alphabet has published earnings for the second quarter of 2016. The company is reporting revenue of $21.5 billion, up from $17.7 billion last year in the same quarter, and has surpassed analyst expectations. Additionally, the company reports a net income of $5.9 billion for the second quarter of 2016. Based on these results, Alphabet stock is up over 27 percent in after-hours trading.
Google Corporate Stories July 12
In March, Google shared its ambitious plan for a futuristic expansion of its Mountain View headquarters. Those plans were derailed in May after LinkedIn won the bid on the valuable real estate required for development. Google and LinkedIn have now announced a “grand bargain” that will allow both to fulfill their campus ambitions.