SAN FRANCISCO --- Google parent Alphabet beat analyst earnings expectations but reported slowing revenue growth amid tougher competition in the online advertising market. Alphabet shares dropped more than 7% in after-hours trading. Google's advertising revenue, its key moneymaker, grew by 15 percent to $30.7 billion --- slower than investors had hoped. Google's digital-ad rivals include Facebook and Amazon, the latter of which has been steadily gaining ground. The results sparked concerns that Google's enormously profitable advertising machine might be starting to sputter. Some analysts suggested it's a signal that Google might need to diversify its business more quickly. ...
Keep on reading: Google stock drops amid slowing ad-revenue growth
from INQUIRER.net http://bit.ly/2UK3qY4
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