Shares of Google parent Alphabet soared to all-time highs Monday evening, after the company posted a surge in ad revenue that partially made up for a record-breaking $5 billion fine from the EU.
While the European Union fine, announced last week as a penalty for abusing the market dominance of its Android operating system, did eat into profit, on an adjusted basis the company posted earnings of $11.75 a share, ahead of analyst estimates for $9.59.
Revenue was $32.7 billion, an increase of 26 percent over the same period a year ago.
Google faced a record European Union antitrust fine of 4.3 billion euros over its Android smartphone system, in a ruling that risks a fresh clash between Brussels and Washington.
Net revenue excluding TAC was expected to be at $25.6 billion.
The European Commission has demanded big changes to the Android platform, changes that once implemented could impact Google's huge gains in search revenues.
The company reported second-quarter profit of $3.2 billion US.
The monster quarter came despite a regulatory backlash in Europe, rising questions about Google's massive data collection and clashes with advertisers over inappropriate content on YouTube. According to Commissioner Vestager, Google had sent its letter about a year too late. The pace is accelerating: it only took ~1 month to add the last million miles, vs. 2 mos from 6 million to 7 million miles and 16 months from 1 million to 2 million miles.
Google must now bring this conduct to an end within 90 days or face penalty payments of up to 5 percent of the average daily worldwide turnover of Alphabet, the EC said.
In a statement, Ruth Porat, chief financial officer of Alphabet and Google, said the company had delivered "another quarter of very strong performance". It is appealing the ruling.
"I'm confident we find a way to make sure Android is available at scale to users everywhere", Mr. Pichai said during the call with analysts. The company's other revenue bucket, which includes cloud, hardware and app sales, grew 37 per cent to US$4.4 billion in the second quarter.
Revenue in Alphabet's "moonshot" Other Bets category came in at $145 million with operating losses rising to $732 million.
Investors are also looking for signs of growth beyond advertising, such as Google's cloud-computing business.
When Zimbabwe nudged to 20 for no loss in the first six overs, it was already their best opening partnership in the series. While he missed out on what would have been his third hundred of the series, he set a string of records.
Trump, in Twitter postings on July 19, also criticized media coverage of the meeting with Putin. "Problem is", Trump said. They are pushing so recklessly hard and hate the fact that I'll probably have a good relationship with Putin.
Trump tells CBS News that he watched some of Peter Strzok's (struhkz) testimony to Congress while traveling in Europe . The collective blood pressure between the United States and Russian Federation is off the charts high.
Froome has said his training plan was designed for him to come good in the last week. "I've got young staff - our mechanic's 21". Thomas enters with a 1 minute, 39 second advantage over teammate Chris Froome , the four-time champion.
Paul said he won't know if the boat that sank is one that he inspected until it has been recovered from the lake. The "black box" of the duck boat that sank in a Missouri lake is now in the hands of federal investigators.
Video images from the scene showed three bleeding and unconscious passengers inside a badly damaged black sports utility vehicle. Hanif Abbasi, seen as a strong candidate for PML-N in Wednesday's poll, was sentenced in a rare late-night session Saturday.
Born and raised in Gelsenkirchen, Ozil has scored 23 goals and made 40 assists in 92 appearances with Die Mannschaft. The DFB and Germany got many choices wrong, but most of all, they left Ozil with no choice other than this one.
The new Doctor points out how everything is new to her: new faces (including her own), new places, new times to travel through. Press PLAY above for some quality Doctor Who talk, and then hit the comments: What do you want to see in Season 11? .
Mr Ekkapol, who has been credited by some of the parents with keeping the boys alive, added: "Almost everyone can swim". Sam for sacrificing his life for all 13 Wild Boars to be able to live our lives outside happily and normally", he said.
It will be the second Grand Slam final for Anderson, who reached the final of the US Open a year ago to Rafael Nadal . Again Djokovic resisted, and again at 8-7 down. "I'm a different person, different player today", Djokovic said.
Ireland says no Brexit 'without backstop'
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Hazard 'reaches verbal agreement' with Real Madrid
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Oil prices fall amid record US output, stockpile build
He also said concerns that Saudi Arabia and its partners are moving to substantially oversupply the market are "without basis". U.S. crude strengthened late in the session as the U.S. dollar index slipped to a four-day low, on reports that U.S.
Joe Root's trust in his game results in timely Test boost
Root (100 not out) and Morgan (88 not out) shared an unbroken third-wicket stand of 186 as England won with 33 balls to spare. This news will come as a relief for Indian cricket fans who were anxious after Dhoni's unimpressive show in the ODI series.
Croatian leader says Trump, Putin key to peace
The Croatian team drew increasing support for its hard-working, underdog narrative as richer, higher-profile teams flamed out. On the other side, Kolinda has been married to security analyst Jakov Kitarović since 1996 and they have two children.