Alphabet grew more than expected in Q1, but its ad business saw ‘significant slowdown’ in March | TechCrunch


Today after the bell, Alphabet, parent company of Google, reported its Q1 2020 performance. The company’s $41.16 billion in revenue for the three-month period came in ahead of expectations, besting analyst estimates of $40.33 billion. However, its earnings per share came in under expectations, with the street anticipating $10.38 in per-share profit, while Alphabet delivered a slimmer $9.87 in per-share income.

Shares of Alphabet rose around 2.8% in after-hours trading after shedding 3.3% in regular trading.

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