Alphabet Beats Estimates on Mobile Ads, Cost Controls
Alphabet Beats Estimates...But What About the Moonshots?
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Google parent Alphabet Inc. beat analysts’ sales and earnings estimates thanks to the company’s ad business wringing more money from a swelling mobile user base and better cost controls.
Alphabet is investing in new businesses ranging from cars to fast internet service to health care as it looks for the next big thing to replace its aging, yet highly profitable, ad business.