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Alphabet and Google Q1 earnings beat Wall Street expectations

  • Alphabet announced its first-quarter results on Tuesday, giving us our first look at how the pandemic is affecting the company.
  • The company announced a revenue of $33.7 billion minus traffic-acquisition costs, beating Wall Street estimates. Its cloud and YouTube businesses also got a nice bump.
  • But Google acknowledged a “significant slowdown” of its ad revenue.
  • Analysts are keeping an especially close eye on Google’s performance from mid-March onward, as this was when most of its workforce began working from home.
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