Ron Burgundy Posted February 2, 2016 Share Posted February 2, 2016 Alphabet Inc easily beat Wall Street's quarterly profit forecasts on Monday, helped by strong mobile advertising sales, sending the shares of Google's parent higher in after-hours trading to surpass Apple Inc as the most valuable U.S. company. For the first time, the company disclosed the profitability of Google's search engine and its other online services, and how much it is spending on ambitious technology projects such as self-driving cars. The numbers were lapped up by investors, who saw room for growth in Google's traditional business, and were relieved to see that spending on new projects it calls 'Other Bets' was not as lavish as some had feared. View the full article Quote Link to comment Share on other sites More sharing options...
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