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Investors reacted by sending Alphabet shares up by as much as 5.2 per to $1,274.16 in after-hours trading in NY.

In context: Google has billions of daily users that could be generating significant amounts of revenue for the company. Android Oreo 8.0 first arrived for the general public in August a year ago. Government pressure to improve moderation of user-created content has forced Google to hire more analysts.

But the issues have yet to halt Google, which has grown quarterly revenue at least 20 percent year-over-year for two straight years.

Thankfully Google is still offering its translate service without any obtrusive ads. DiClemente estimates that YouTube's revenues this year will rise around 35% to $16 billion and increase another 25% next year to $20 billion.

Revenue growth has accelerated from the 21% rate of a year ago, thanks in part to an increase in the number of paid clicks, which rose 58% from the year-ago quarter.

"We delivered another quarter of very strong performance, with revenues of $32.7 billion, up 26 percent versus the second quarter of 2017", Google CEO Ruth Porat said in a prepared statement. In the year-ago quarter, ads were 86 percent. When excluding the fine, earnings came to $11.75 U.S. per share, which topped the average estimate of $9.45 United States per share by analysts surveyed by Zacks Investment Research.

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But Security Minister Ben Wallace wrote on Twitter: "I think this story belongs in the "ill-informed and wild speculation folder". She added: "We continue to work closely with Public Health England who have advised that Charlie poses no risk to the community".


"While regulatory clouds and margins continue to be overhangs on the name, we believe 2Q advertising and "bread and butter" search revenues were healthy and a good barometer of potential strength heading into the rest of 2018/2019", the GBH Research analyst Dan Ives said in a note to investors following the results on Monday.

Adjusted earnings per share were $10.58, excluding the fine and the effects of other investments.

Alphabet also crushed profit expectations, reporting profits of $11.75 a share, compared with the forecast $9.30.

"We're investing for the long run", he said about the company's cloud business. Google is set to appeal the decision, and has already argued that apps are easy to remove and that OEMs are free to preload their own alternatives alongside Google's offerings.

FILE PHOTO: The waxing moon is seen over the logo of Google at its European Engineering Center in Zurich, Switzerland July 19, 2018.

But Alphabet's outlook is tempered by cost concerns, and Amazon.com Inc's encroachment into advertising has threatened Google's lucrative deals with media companies and advertisers.


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