Alphabet

Ticker GOOG

Today's data summary

Market open
% change
+0.82%
Price US dollars
1111.42
Change
+9.09
As of 20:15 20 Jun 2019
Market cap. US dollars
388,867.52 million
As of 20:15 20 Jun 2019

Latest updates

Google owner Alphabet misses sales forecasts

Google offices in London
Getty Images

Google's parent company, Alphabet, saw its shares drop in after hours trading after the internet giant missed revenue forecasts.

Alphabet, which also owns YouTube, reported $36.3bn (£28bn) in sales for the first quarter, below expectations of $37.33bn.

Profits also fell during the three months to 31 March.

It was impacted by a fine from the European Commission for blocking rival online search advertisers.

Shares in Alphabet fell by nearly 5%.

Google faces antitrust lawsuit in Germany

Google logo
Getty Images

German price comparison website Idealo has taken Google to court in Germany, claiming the internet giant made it harder for web users to find links to Idealo after Google started its own price comparison service.

Idealo is using a European Commission judgement in 2017, where Google was fined €2.42bn for abusing its power by promoting its own shopping comparison service at the top of search results.

Idealo is seeking €500m in damages from lost revenue, and also accuses Google of failing to change its practices after being fined by the EC.

Alphabet shares fall

Shares in Alphabet, the parent company of Google, fell in after hours trading after the company published its fourth quarter results.

Its share price fell 3.2% despite the group reporting a rise in both revenue and operating profit.

For the full year, Alphabet's revenue rose to $136.8bn from $110.8bn in 2017. Operating profit was marginally higher at $26.3bn.

BreakingGoogle-owner Alphabet sees revenues rise

Google logo
Getty Images

Alphabet, the parent company of Google, has a rise in fourth quarter revenues at $39.2bn compared to $32.3bn in the comparable three months.

Operating profit reached $8.2bn, up from $7.6bn.

Apple overtaken by Alphabet

Apple shares are now down nearly 10%. Today's share slide means Google owner Alphabet now has a larger market cap than Apple.

Apple market cap graphic
BBC