q2 2019 earnings
Latest
Google's hardware division is recovering from slow Pixel 3 sales
Just over a year ago, Google parent company Alphabet was hit with a $5 billion fine from the European Union for antitrust violations. As you might have expected, that put a dent in the company's profits -- but this year, there's no such issue to worry about and Alphabet's financials reflect that. In today's quarterly earnings release, the company is reporting revenue of $38.9 billion, up 19 percent year-over-year. And profits hit $9.9 billion, up 201 percent over a year ago. Even if you look at Google's accounting where last year's fine is excluded, profits are up 13 percent.
Snapchat had more than 200 million daily users last quarter
Snap appears to be working its way out of a downturn. In the company's Q2 earnings release that just dropped. Snap revealed that it had 203 million daily active Snapchat users in the last quarter, up eight percent year-over-year and seven percent quarter-over-quarter. That came after several quarters of declining users, something that was clearly troubling to investors.
