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Google Rises on Strong Earnings Report

February 1, 2016
By Michael Cader

Google’s new parent company Alphabet reported fourth quarter earnings after the close of the market on Monday. The company exceeded investors’ expectations, reporting sales of $21.3 billion and net income of $4.9 billion (or $7.16 a share). The stock rose more than 4 percent in early Tuesday trading on the news, which brings shares close to an all-time high. Other revenues — the line item that includes the Play store — had sales of $2.1 billion in the fourth quarter, up 24 percent compared to $1.688 billion a year ago. For the full year, that sector had sales of $7.151 billion, compared to $6.05 […]

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Filed Under: Earnings Reports, Publishers

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