Alphabet trounces profit estimates as costs come into check

Google’s dominance in online advertising has been challenged this year by the antitrust battle over its Android mobile software and other regulatory actions. “There was never a question about Google’s dominance of a buoyant digital ads market,” said analyst Richard Kramer of Arete Research. The company has seen costs rise and profit margins dip as more searches and ads get shown on mobile devices, where Apple Inc (AAPL.O) and other firms charge fees to distribute Google search on their devices and apps. …read more

Source:: Yahoo Finance

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