28 de marzo de 2020
Hispanic World

Alphabet beats on earnings per share, misses on revenue

San Francisco, Feb 3 (efe-epa).- Internet giant Alphabet, the parent company of Google, released yearly and quarterly results on Monday, showing net profits of $34.343 billion in 2019, 11.7 percent more than the previous year, when the company took in $30.736 billion in profits.

San Francisco, Feb 3 (efe-epa).- Internet giant Alphabet, the parent company of Google, released yearly and quarterly results on Monday, showing net profits of $34.343 billion in 2019, 11.7 percent more than the previous year, when the company took in $30.736 billion in profits.

The Mountain View, California-based multinational conglomerate announced its results after the close on the New York Stock Exchange, saying that it took in $161.857 billion this past year, 18.3 percent more than the $136.819 billion it earned during its 2018 fiscal year.

For the first time, and in a significant change of its strategy for communicating its financial results, Alphabet (ticker symbol GOOGL) released its earnings by sectors, including isolated figures for two of the products that spark the most interest in terms of the firm's future among analysts and investors: YouTube, which billed $15.15 billion in 2019 and Google Cloud, which achieved sales of $8.92 billion.

The firm said that during the fourth quarter of 2019 it earned $10.7 billion, or $15.35 per share, beating analysts' expectations and up 19 percent from the $8.9 billion - or $12.77 per share - during the same quarter in 2018.

Analysts had expected the firm to announce earnings of $12.49 per share, as per FactSet polling of analysts.

But although analysts had expected $38.4 billion in net revenue after advertising costs, the firm missed that target, announcing earnings of $37.6 billion and while this was up 18 percent from the $31.8 billion announced a year earlier, the miss sent the firm's shares plunging some $70 (4.7 percent) to about $1,413 in after-hours trading, after rising 3.5 percent to $1,482.60 during regular market hours.

During the past year, Alphabet significantly increased its long-term debt from $4.012 billion in December 2018 to $4.554 billion at present.

The 4Q announcement is the first quarterly earnings report since Sundar Pichai, formerly the CEO of Google, took over as CEO of Alphabet from Larry Page and Sergey Brin, who stepped down in December 2019, although the pair remain controlling shareholders of Alphabet, Inc.

Pichai said in presenting the corporate results on Monday that the firm's investments in artificial intelligence, environmental computation and the cloud provide a solid basis for continued growth and open up new opportunities in all the firm's divisions.

Alphabet is the fourth largest tech firm in the world and makes most of its revenue from global search advertising sales. Its main competitors are Apple, Amazon and Facebook.

Histórico de noticias
NY hospitals show signs of being overwhelmed, Cuomo says fed help not enough

New York, Mar 26 (efe-epa).- Hospitals in New York City, which has become the epicenter of the coronavirus pandemic in the United States, are starting to...

Venezuela blasts "unfounded" US charges against Maduro

Caracas, Mar 26 (efe-epa).- The Venezuelan government on Thursday said that the indictments made by the US government against President Nicolas Maduro and...

Daily COVID-19 pandemic roundup: March 26

(Update, adds information from WHO, the US, the Vatican, France, Cuba, Puerto Rico, Venezuela and the Caribbean)

Daily COVID-19 pandemic roundup: March 25

(Update, adds information from WHO, the US, the Vatican, France, Finland, Canada, Latin America and the Caribbean)

Senate ready to approve biggest stimulus package in US history

By Alfonso Fernandez

Elton John, Billie Eilish, Alicia Keys to give COVID-19 benefit concert

Los Angeles, Mar 25 (efe-epa).- Pop icon Elton John on Sunday will offer a concert broadcast on television to collect money for charitable organizations, a...

UN asks for $2 bn to fight coronavirus in vulnerable countries

United Nations, Mar 25 (efe-epa).- The United Nations on Wednesday asked donors for $2 billion in funding to finance a plan designed to contain and limit...

US gov't urges people leaving New York to self-quarantine

(Update 1 adds New York, fiscal stimulus progress and stock market info, details throughout)

Drive-through Covid-19 testing station helping battle virus in Puerto Rico

By Jorge J. Muñiz Ortiz

Daily COVID-19 pandemic roundup: March 24

(Update, adds information from the US, Mexico, Nicaragua, Panama, Costa Rica, Chile, the Caribbean and Canada)

Daily COVID-19 pandemic roundup: March 23

(Update, adds information from the WHO, the US, Brazil, Cuba, Peru, the Dominican Republic and the Middle East)

Lockdowns expanded in US while Fed acts, Senate fights

By Lucia Leal

Thousands of foreign tourists leaving Cuba before border closure

Havana, Mar 23 (efe-epa).- Thousands of foreign tourists on Monday are leaving Cuba from Havana's Jose Marti International Airport, the communist island's...

Public bathrooms for homeless, front line of defense vs. coronavirus in Miami

By Ivonne Malaver

Rising number of Covid-19 cases throughout Latin America

Miami Desk, Mar 22 (efe-epa).- At least 23 inmates died and 83 were wounded or injured at Bogota's Modelo prison and other penal facilities on the weekend...

Mnuchin expects Congress to approve huge stimulus package

(Updates with failure of Senate to pass preliminary bill on stimulus package)

Daily COVID-19 pandemic roundup: March 22

(Update: adds information from WHO, the US, Cuba, Syria, Jordan, Morocco, France, Germany and the Caribbean)

Sanders' dilemma: Bow out to unite Democrats or continue with his revolution

By Beatriz Pascual Macias

Evacuation of British cruise ship with 5 COVID-19 cases starts in Cuba

Port of Mariel, Cuba, Mar 18 (efe-epa).- The almost 700 passengers on board the British cruise ship MS Braemar, with at least five confirmed cases of...

US Navy to send hospital ship to New York, which has 1,000 new virus cases

New York, Mar 18 (efe-epa).- The US Navy will send a hospital ship to New York City to increase the area's capacity to treat patients with the coronavirus,...

Daily COVID-19 pandemic roundup: March 18

(Update: adds information from US, the Americas, the Caribbean, The Netherlands)

Colombia, Venezuela cooperating to deal with coronavirus

Bogota, Mar 17 (efe-epa).- The coronavirus pandemic moved closer to the Colombian and Venezuelan governments on Monday with officials from both nations...

Biologist to LatAm: Take early virus containment measures, don't do like UK

By Jorge Fuentelsaz

Florida primary begins amid fear, controversy

Miami, Mar 17 (efe-epa).- Polling places opened on Tuesday morning in Florida for the state's primary election amid fear over the coronavirus and...