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Stock impact report

Alphabet stock rises on 13% revenue growth [MSNBC.com]

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Company Research Source: MSNBC.com
AlphabetHere's how the company did:Alphabet's revenue growth rate slowed to 13% in the quarter from 17% one quarter earlier, according to astatementAnalysts 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."Performance was strong during the first two months of the quarter, but then in March we experienced a significant slowdown in ad revenues," said Alphabet's chief financial officer Ruth Porat. "We are sharpening our focus on executing more efficiently, while continuing to invest in our long-term opportunities."'s "other revenue," which includes hardware like its Pixel phones and cloud products, came in at $4.44 billion, compared to $3.62 billion in the same quarter a year ago.Revenue from Show less Read more
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