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Google superiors, Alphabet, revenue loss, stocks fall



<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Google ( GOOG & nbsp; GOOGL ) parent company Alphabet reported on & nbsp; Q3 2019 earnings & nbsp; on Monday, analysts' expectations were on the top line but missing earnings per share. report, as well as what analysts expected as compiled by Bloomberg's estimates. "data-reactid =" 1
5 "> Google (GOOG, GOOGL) parent company Alphabet reported that Q3 2019 earnings on Monday beat analysts' expectations to the top, but missing share. Here are the key figures from the report, as well as what analysts expected as compiled by Bloomberg's estimates.

The share was at 2% after the company reported earnings.

Google saw an increase in R&D, sales and marketing spending and general administration fees in Q3 2019 compared to the same period last year.

Google CEO Sundar Pichai speaks on stage during the annual Game Developers Conference at the Moscone Center in San Francisco, California March 19, 2019. (Photo credit by Josh Edelson / AFP) (Photo credit to read JOSH EDELSON / AFP / Getty Images)

The company has stepped up its cloud investment, while trying to grab market leaders Amazon and Microsoft. Google does not break out cloud revenue, but CEO Sundar Pichai announced during the Q2 2019 earnings call that the company had achieved an annual interest rate of $ 8 billion for its cloud division.

Google is also expanding its sales force to sell its cloud products to large companies. It doesn't matter that companies already have contracts with Amazon and Microsoft, as the majority of the major cloud providers offer a certain level of interoperability. That means there is still room for Google to jump into battle.

<p class = "canvas atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The company's recent hardware releases, including & nbsp; Pixel 4 and Pixel 4 XL smartphones will not impact revenue this quarter, as they were first released on October 15. "data-reactid =" 34 "> The company's recent hardware releases, including Pixel 4 and Pixel 4 XL smartphones, will have no impact on the quarter's earnings, when they were first released on October 15.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " More from Dan: "data -reactid =" 35 "> More from Dan:

<p class =" canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm " type = "text" content = " Do you have a tip? Send Daniel Howley at dhowley@yahoofinance.com, and follow him on Twitter at @DanielHowley . " data-reactid = " 41 "> Got a tip? Send Daniel Howley at dhowley@yahoofinance.com, and follow him on Twitter at @DanielHowley .

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Follow Yahoo Finance at [19659016] Twitter Facebook Instagram [19659022] Flipboard SmartNews [19659012] LinkedIn YouTube and reddit . "data-reactid =" 42 "> Follow Yahoo Finance on Twitter Facebook Instagram Flipboard SmartNews [19659034] LinkedIn YouTube and reddit .


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