AXIOS – 29/04/2020
Sara Fischer
Stock for Google’s parent company, Alphabet, was up nearly 4% in after-hours trading Tuesday after the company reported that it beat Wall Street expectations for total revenue.
Yes, but: Despite beating expectations on revenue, the company still reported a slowed advertising growth rate compared to last quarter, due to the decline of the ad market caused by the coronavirus. Google makes the vast majority of its total revenue from ads.