SAN FRANCISCO -- Google parent Alphabet on Monday reported that profit in the first three months of this year sagged under the weight of a hefty antitrust fine in the European Union. Alphabet said that profit in the first-quarter fell 29 percent to $6.7 billion on revenue that climbed 17 percent to $36.3 billion. The earnings took a hit from a European Commission fine that amounted to $1.7 billion at the end of March, according to the quarterly update. RELATED TOPICS Google Parent Company Alphabet Sees Q1 Revenue Short of Estimates Google Parent Alphabet Hit by Rising Costs Dow Futures: The Best Tech Stocks to Buy in 2019! ...
Keep on reading: EU fine on Google weighs on parent Alphabet profits
from INQUIRER.net http://bit.ly/2vuss3m
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