{"id":7120,"date":"2019-02-04T23:02:53","date_gmt":"2019-02-04T23:02:53","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/alphabet-shares-drop-despite-22-sales-rise\/"},"modified":"2019-02-04T23:02:53","modified_gmt":"2019-02-04T23:02:53","slug":"alphabet-shares-drop-despite-22-sales-rise","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/alphabet-shares-drop-despite-22-sales-rise\/","title":{"rendered":"Alphabet shares drop despite 22% sales rise"},"content":{"rendered":"\n<div property=\"articleBody\">\n<figure class=\"media-landscape has-caption full-width lead\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                <img loading=\"lazy\" decoding=\"async\" class=\"js-image-replace\" alt=\"Google logo\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/10CF2\/production\/_101005886_gettyimages-876647908.jpg\" width=\"976\" height=\"549\"\/><span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Getty Images<\/span><\/p>\n<p>            <\/span><figcaption class=\"media-caption\"><span class=\"off-screen\">Image caption<\/span><br \/>\n                <span class=\"media-caption__text\"><br \/>\n                    Alphabet continues to remain a dominant force in online advertising<br \/>\n                <\/span><br \/>\n            <\/figcaption><\/figure>\n<p class=\"story-body__introduction\">Alphabet, the parent company of Google, has reported 22% rise in fourth quarter sales, fuelled by an increase in online advertising.<\/p>\n<p>Revenues rose to $39.2bn (\u00a330bn) for the final three months of the year.<\/p>\n<p>However, shares in Alphabet fell by more than 3% in after-hours trading as its capital expenditure jumped to $7bn. <\/p>\n<p>The company said it had invested in data centres, hired more engineers and spent money acquiring content for services such as YouTube.<\/p>\n<p>George Salmon, equity analyst at Hargreaves Lansdown, said: &#8220;While the core business is still growing impressively, the significant spending shows growth isn&#8217;t quite as capital light as had been hoped.&#8221;<\/p>\n<p>Over the year, capital expenditure rose to $25.1bn from $13.1bn in 2017.<\/p>\n<p>Alphabet&#8217;s chief financial officer Ruth Porat said that capital expenditure would &#8220;moderate quite significantly&#8221; this year.<\/p>\n<p>The company reported a rise in fourth quarter profit to $8.9bn, reversing from a loss in 2017 due to a one-time tax charge.<\/p>\n<p>For the full year, the firm reported profit of $30.7bn, up from $12.66bn in 2017.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/business-47125043\">Source<\/a> by <a href=\"\">[author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image copyright Getty Images Image caption Alphabet continues to remain a dominant force in online advertising Alphabet, the parent company of Google, has reported 22% rise in fourth quarter sales, fuelled by an increase in online advertising. Revenues rose to $39.2bn (\u00a330bn) for the final three months of the year. However, shares in Alphabet fell &hellip; <\/p>\n","protected":false},"author":0,"featured_media":463,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7120","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/7120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=7120"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/7120\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/463"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=7120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=7120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=7120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}