Google parent Alphabet Inc (GOOGL.O) posted a surge in profit and revenue on Thursday as its core advertising business continued to grow at an extraordinary rate and problems such as an advertiser boycott of YouTube had little impact.Alphabet’s profit beat Wall Street estimates and rose 29 percent to $5.43 billion, a performance that analysts called exceptional for a company so large.”For a company of Googles size to post the growth that it has is just a testament to the quality and usefulness of the products they make,” said Colin Gillis, an analyst with BGC Partners. They are the dominant force in digital advertising.”Shares of the company rose 2.8 percent to $916.80 after the bell on Thursday.
Källa: Google parent Alphabet’s profit up 29 percent on strong ad sales | Reuters
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