Google parent companys share price fell more than 4%, and the gross profit margin was greatly reduced by Wall Street.

category:Internet
 Google parent companys share price fell more than 4%, and the gross profit margin was greatly reduced by Wall Street.


NetEase news April 25th, according to Reuters, Googles parent company Alphabet shares fell 4.45% on Tuesday, due to the surge in capital expenditure in the first quarter of Alphabet, causing the companys gross margin to appear the biggest contraction in history by analysts, making its first quarter strong sales performance gloomy. But it was lost. In the first quarter of this year, Alphabets operating profit margin dropped to 22% from 27% a year ago. More than a month ago, major US technology companies have suffered a series of troubles, and they still need to face a more suspicious public and a growing prospect of regulatory scrutiny of privacy issues. Just last night, Alphabet announced the first quarter of this years performance. Tuesdays declines made Alphabets stock price rise negative this year, while the companys market value evaporated about $37 billion. On Tuesday, other members of the so-called FAANG stock group also suffered a fall in share prices. The FAANG portfolio also includes Facebook, apple, Amazon, and streaming video service provider Netflix. After Alphabets first quarter earnings, at least 9 brokerages cut Alphabets target share price, compared with only 5 Alphabet to raise their target stock prices. But so far, analysts are reluctant to reduce the Alphabet target price down to the US debate over user data in the US, which has put Facebook in trouble and may encourage regulators to carry out more regulation of the Internet Co. Although there are regulatory risks, we have not found evidence that regulatory regulations will have a negative impact on the role of Google on consumers or advertisers, said an analyst at Royal Bank of Canada. In the first quarter, Alphabets long-term capital expenditure reached US $7 billion 300 million, an increase of nearly two times compared with us $2 billion 500 million in the same period last year. The company said that the cost of sustained growth is mainly used to obtain the right to use streaming media for YouTube new TV services and to sell new products. Alphabet executives say the company needs to install powerful computers and network cables to meet the needs of YouTube, Google virtual helper service GoogleAssistant, and data analysis tools in Googles cloud services. He said: Alphabets gross profit margin in the first quarter contracted by 370 basis points, which is the largest gross margin contraction in the companys history. Alphabets advertising sales in the first quarter also show that there is no indication that privacy issues will affect its profitability. In the past year, Alphabets stock price has risen 25%, making it the third best in the FAANG portfolio, behind Amazon and Netflix. The FAANG stock portfolio fell sharply, pushing both the S & P 500 index and the Nasdaq composite index down on Tuesday afternoon. When the US stock market closed on Tuesday, shares of Facebook, Amazon and Netflix fell by nearly 4%, while apple fell 1.39%. In the US stock market trading on Tuesday, the technology sector fell 1.47%, becoming the biggest drag on the S & P 500 index and the Nasdaq composite index. (Liu Chun) source: NetEase science and technology report editor: Wang Fengzhi _NT2541 Alphabets advertising sales in the first quarter also show that there is no indication that privacy issues will affect its profitability. In the past year, Alphabets stock price has risen 25%, making it the third best in the FAANG portfolio, behind Amazon and Netflix. The FAANG stock portfolio fell sharply, pushing both the S & P 500 index and the Nasdaq composite index down on Tuesday afternoon. When the US stock market closed on Tuesday, shares of Facebook, Amazon and Netflix fell by nearly 4%, while apple fell 1.39%. In the US stock market trading on Tuesday, the technology sector fell 1.47%, becoming the biggest drag on the S & P 500 index and the Nasdaq composite index. (Liu Chun)