Google parent Alphabet Inc missed analysts' estimates for quarterly profit ...
Google, however, provides limited product-level financial disclosures compared with some peers, leaving investors increasingly uncertain about how pressures including regulatory scrutiny, advertiser boycotts and global trade tensions are affecting operations.
Haris Anwar, analyst at financial markets platform Investing.com, said the quarterly results cast a cloud. “An earnings miss at a time when the big tech companies are being probed for their business practices adds to the uncertainty and creates a hint of pessimism around the company,” he said in an email to Reuters.
Google also has tried to reassure investors that there is no weakness in its YouTube video unit, while expressing confidence in its business overall through share buybacks. Google in the third quarter acknowledged investigations by the U.S. Congress, Department of Justice and 48 states into the company’s competitive practices. It settled a privacy investigation by the Federal Trade Commission. It also got an additional 90-day reprieve from an export ban that would restrict its relationship with Chinese smartphone maker Huawei, one of its top partners in distributing mobile apps.
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