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Earnings

Alphabet's higher spending worries investors, shares dip

Updated : February 05, 2019 06:29 AM IST

Google's parent company beat Wall Street's estimates for revenue and profit, but the bigger-than-expected spending prompted investors to question whether cash funnelled into Alphabet's newer businesses will generate the returns that its search engine unit historically has.
Alphabet's fourth-quarter revenue rose 22 percent from a year ago to $39.28 billion, compared with Wall Street's average estimate of $38.93 billion. About 83 percent of the revenue came from Google's ad system.
Investors concerned that Alphabet's future growth, especially in emerging markets, will not match its previous rates, are looking to the company's other businesses to provide new streams of revenue.
Alphabet's higher spending worries investors, shares dip

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