SEVERE WX : Winter Storm Warning View Alerts

Alphabet misses revenue expectations

Alphabet had a rough quarter capped off by a rough day on Thursday.Alphabet (...

Posted: Oct 26, 2018 1:26 PM
Updated: Oct 26, 2018 1:26 PM

Alphabet had a rough quarter capped off by a rough day on Thursday.

Alphabet (GOOGL), the parent company of Google, reported third quarter revenues of $33.7 billion on Thursday, missing analysts' expectations even though it was a 21% jump from the same time last year. It reported a net income of $9.19 billion.

Alphabet Inc

Business, economy and trade

Companies

Company activities and management

Company earnings

Financial performance and reports

Financial results

Google Inc

The earnings report came hours after a bombshell New York Times article alleged Google paid executives millions of dollars after they were accused of sexual harassment. In a letter to employees Thursday afternoon, Google CEO Sundar Pichai said the company was "dead serious" about a safe workplace. He said 48 people have been fired for harassment in the past two years without getting exit packages.

The company's stock was down 5% in extended trading.

As always, the company's advertising business made up most of its income, bringing in $28.9 billion for the quarter. The company's "other" revenues, which include its cloud business and hardware division, clocked in at $4.6 billion.

Alphabet's more experimental "other bets" projects, which include self-driving car division Waymo, reported just $146 million in revenue and a $727 million operating loss, which is on par with the company's usual investment in the divisions. Alphabet CFO Ruth Porat said the other bets were moving closer to the early stages of commercialization.

New York Coronavirus Cases

County data is updated nightly.

Cases: 1212922

Reported Deaths: 40637
CountyCasesDeaths
Queens1515817782
Kings1485017994
Suffolk1225972545
Nassau1099842518
Bronx1015535243
Westchester819821774
New York727353419
Erie502271339
Richmond433221363
Monroe42774737
Rockland31061806
Orange27862642
Onondaga26544517
Oneida16110331
Dutchess15873290
Albany15520248
Niagara11534233
Broome10620248
Saratoga865376
Schenectady8183116
Ulster7337183
Rensselaer6454101
Putnam620370
Chemung5422107
Chautauqua522151
Oswego466462
Ontario452877
Steuben4444130
Cayuga419768
Sullivan371348
Wayne352750
Genesee350691
Herkimer342346
St. Lawrence332055
Cattaraugus325360
Madison298575
Jefferson294220
Cortland256352
Livingston256136
Tompkins252822
Columbia229966
Allegany228675
Tioga212454
Montgomery206971
Wyoming198741
Clinton197713
Fulton193247
Greene192951
Warren192836
Orleans185167
Chenango165438
Otsego155921
Lewis138822
Washington138121
Seneca114445
Franklin10409
Delaware96516
Essex92916
Schoharie8515
Yates75816
Schuyler68410
Hamilton1431
Unassigned37108
Out of NY0163
Rome
Cloudy
33° wxIcon
Hi: 33° Lo: 32°
Feels Like: 25°
Binghamton
Cloudy
30° wxIcon
Hi: 36° Lo: 31°
Feels Like: 22°
Rome
Cloudy
33° wxIcon
Hi: 35° Lo: 32°
Feels Like: 25°
Rome
Cloudy
33° wxIcon
Hi: 35° Lo: 32°
Feels Like: 25°
WKTV Radar
WKTV Temperatures
WKTV Severe Weather
2021 Golfer's Paradise Card - 21 Courses for only $99.99
Saluting Those Who Are Proud 2 Serve