Business Insider has contacted Google for comment. The shares surged to a record high.
On Monday, Alphabet reported $11.75 in second-quarter earnings per share, about $2 above the consensus estimate, excluding a $5.07 billion European Commission fine for antitrust violations related to the company's Android operating system.
Nowak today lifted his Alphabet price target to $1,325 from $1,250 while maintaining an Overweight rating.
Google also appears to be emerging from a period of doubt surrounding the transition to mobile, where advertising revenue is harder to come by. That had quelled analysts' expectations ahead of the results on Monday. Without the penalty, Alphabet's profit would have been $8.3 billion. Google plans to contest the ruling.
Profit dipped 9.3 per cent to US$3.2 billion in the second quarter after accounting for the European Union fines, the company said.
Google added over 13,000 employees since Q2 2017, now putting the total headcount for the company at over 89,000 - Google says this was primarily in the cloud portion of the business.
"I'm confident we find a way to make sure Android is available at scale to users everywhere", Mr. Pichai said during the call with analysts.
Built on the strength of its advertising empire, Google saw surprisingly strong growth.
Revenues meanwhile jumped 26 percent from a year ago to $32.7 billion, better than most analysts expected. While that's nearly three times the S&P 500 Index's gain, it trails Netflix, Amazon.com Inc. and even Facebook Inc., which is trading near a record after rebounding from a data-privacy scandal in March sparked consumer backlash and regulatory scrutiny.
Pichai highlighted rising use of the company's digital maps, particularly in emerging markets. You can use them to surf otherwise seedy public WiFi with more security and privacy. While the second quarter was challenging, the results could have been far worse. Google's capital expenditures doubled to $5.48 billion from the year-ago quarter, while the operating loss at its "other bets" segment grew to $732 million from $633 million. That's probably not a major concern to Alphabet, as the company doesn't expect those other bets organizations to be turning a profit immediately.
The sums Google pays out to websites and mobile partners to distribute its search engine and ads - called Traffic Acquisition Costs - also rose to US$6.4 billion for the quarter. This quarter, ads represented just 84 percent of Google's overall revenues. Google's Other revenues -which now includes the smart thermostat business Nest - were $4.23 billion. However we don't get to see the various segments of the business in these financials.
Secretary of State Mike Pompeo also called the development "consistent" with recent commitments made by Pyongyang. In absolute terms, this represents only a tiny fraction of North Korea's nuclear missile infrastructure.
However, the dismantlement of the facilities at Sohae appears to have taken place without outside experts there to verify it. But late last week in meetings with his aides, Trump bristled about the lack of positive developments in the negotiations.
Although it is part of the US government, the Fed is considered to be independent, keeping it free from political pressure. Mr Mnuchin has faced criticism from global counterparts about the United States talking about currencies before.
On Tuesday, the Trump administration announced it would provide money to farmers impacted by tariffs due to the ongoing trade war. Sasse said he doubted Trump's trade policies will Make America Great Again as promised, but instead "Mak [e] America 1929 Again".
Call of Duty: Black Ops' next installment will deliver players their first taste of battle royale from the franchise in October. Believe it or not, it's been a whole year since Fortnite burst on to the scene and became the biggest video game on the planet.
And the fact remains it's been 10 years since he last won a major championship , no matter how much he still excites a crowd. But while they were all over par on the front nine, he made birdie on No. 4 and then added another on the par-5 sixth.
Iran and the USA have been at each others throats after the Washington axed their nuclear deal with Tehran . Wazne said Iran could well go to war to protect its oil exports , the foundation of its economy.
Under a photo of him signing a throwback Raptors jersey, DeRozan wrote: "Words could never express what you've meant to me". Ujiri said Friday the fans were not forgotten in the trade decision but it's "hard to satisfy everybody".
The White House push for negotiations in recent months was a dramatic shift from Trump's initial posture toward North Korea. Both Haley and Pompeo reiterated the USA stance that North Korean must denuclearize before sanctions are lifted.
Becker was unveiled as Liverpool's new No 1 last week and, in the process, became the most expensive goalkeeper in history. So, too, do Manchester City and Manchester United , who Liverpool will face in the final games of their USA tour.
Mahrez was City's best player, who showcased his attacking threat with a decent run and cross midway through the first half. City play Chelsea in the Community Shield on 5 August before opening their league campaign at Arsenal a week later.
Undaunted by the backlash in his own party to his first meeting, Trump invited Putin to a White House meeting sometime this fall. But another USA official called those accusations unfair and said Coats would never try to undercut or embarrass the president.
United States impress on opening day of Rugby World Cup Sevens
Black Ferns Sevens captain Sarah Goss echoed Mikkelson's sentiment, with fond memories of victories in Moscow and Gold Coast. Blyde opened the scoring in the final for New Zealand , who weathered some ferocious French tackling before cutting loose.
Demi Lovato admitted to hospital for suspected overdose
Demi Lovato has been taken to hospital after TMZ reported that the singer was suffering from what seemed to be a heroin overdose. Lovato previously completed a stint in rehab at age 18 for drugs, self-harm and an eating disorder before recovering in 2012.
Finally, sanitary napkins to be exempted from GST
A Committee led by Bihar Deputy Chief Minister Sushil Modi will look into ways to promote digital payments using these modes. If separate returns are to be filed then it will complicate matters for businessmen in both B2B and B2C businesses, he said.
Florida man shot, killed during parking spot dispute
Detectives said Drejka was cooperative with investigators and has a valid concealed weapons license with the state. The sheriff's office said under the Stand Your Ground law , his office can not arrest Drejka.