Google gets earnings boost thanks to Google Home holiday sales, but it's not all picture perfect

Hey Alexa, you're not the only one getting the holiday love. 

The holidays were good to Google's parent company, Alphabet, because of hardware products like Google Home, an Alexa competitor, execs said during a fourth-quarter earnings call Thursday. 

During the call, Ruth Porat, CFO of Alphabet, and Google CEO Sundar Pichai boasted that revenue  was up 24 percent to $32.3 billion for the final quarter. However, Google's per-share earnings still fell below Wall Street expectations, partially because of a new tax on foreign assets that hit Google like a $9.9 billion brick. That turned a $6 billion net income for the last three months into a $3 billion loss. Read more...

More about Google, Youtube, Alphabet, Google Home, and Sundar Pichai

from Mashable http://ift.tt/2GCVMcb
via IFTTT