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1556578085595594400
Mon, 2019-04-29 21:45
SAN FRANCISCO: Google parent Alphabet on Monday reported that profit in the first three months of this year sagged under the weight of a hefty antitrust fine in the European Union.
Alphabet said that profit in the first-quarter fell 29 percent to $6.7 billion on revenue that climbed 17 percent to $36.3 billion.
The earnings took a hit from a European Commission fine that amounted to $1.7 billion at the end of March, according to the quarterly update.
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