Alphabet stock drops after earnings show disappointing Google sales growth

Alphabet Inc. revenue growth cooled off at the start of 2019, according to an earnings report Monday afternoon that sent shares down in after-hours trading.

Google’s parent company came up short of expectations as all of its major sales categories performed slightly worse than projected in the first quarter, and yet another big fine out of Europe dinged the company’s earnings. Alphabet GOOGL, +1.47%GOOG, +1.21% reported first-quarter earnings of $6.66 billion, or $9.50 a share, on revenue of $29.48 billion, after removing traffic-acquisition costs; a year ago in the same period, Alphabet posted profit of $13.33 a share on ex-TAC sales of $24.86 billion a year ago.

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