Alphabet, formerly Google, sets share buyback,

25 October, 2015 Google placed a lot of importance on machine learning and artificial intelligence in its third-quarter earnings call. The non-GAAP value of $7.35 beat analyst estimates of $7.21 (non-GAAP) and is up from $6.25 in the year-ago quarter. “It outperformed both the top and bottom line”, said BGC Financial analyst Colin Gillis. The board of directors of Alphabet authorized the company to repurchase up to $5,099,019,513.59 of its Class C capital stock-not all at once, of course. The parent company is clearly in a position to enjoy the fruits of Google’s search and advertising revenue. Expenses rose 9.1% to $13.97bn but were 74.7% of total revenue, compared with 77.4% in the same quarter past year, reflecting new chief financial officer (CFO) Ruth Porat’s tight rein on spending. Particularly…

Link to Full Article: Alphabet, formerly Google, sets share buyback,

Pin It on Pinterest

Share This

Join Our Newsletter

Sign up to our mailing list to receive the latest news and updates about and the Informed.AI Network of AI related websites which includes Events.AI, Neurons.AI, Awards.AI, and Vocation.AI

You have Successfully Subscribed!