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Stock impact report

Alphabet stock rises more than 7% as ad slowdown turns out to be less than feared [CNBC]

Expedia Group, Inc. (EXPE) 
Last expedia group, inc. earnings: 2/13 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: expediainc.com/contact-investor-relations
Company Research Source: CNBC
VIDEO1:1001:10Alphabet beats on revenue but misses EPSClosing BellHere's how the company did:Analysts surveyed by Refinitiv had expected $10.33 in adjusted earnings per share on $40.29 billion in revenue. Analysts polled by FactSet had expected $7.51 billion in traffic acquisition costs in the quarter. However, comparing Alphabet's actual results with estimates isn't straightforward given the difficulty of predicting the impact of the coronavirus.On the conference call with analysts and investors, CEO Sundar Pichai said that usage of search, YouTube, and other apps and services was significantly higher as people looked for information on the coronavirus pandemic. Pichai gave an example of increased engagement, saying coronavirus-related search activity in the US, at its peak, was four times greater than during the peak of the Super Bowl.But ad revenues suffered even as engagement rose. "In March, we experienced a significant and sudden slowdown in ad revenue" due to the coronavirus pa Show less Read more
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