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Antitrust Issues

Google's 1Q reassures investors despite earnings miss

Google's 1Q reassures investors despite earnings miss

Google is still flexing its moneymaking muscle even as a technological upheaval nibbles at its dominance in Internet search and European antitrust regulators question some of the company's practices. Google's first-quarter earnings rose 4 percent from last year to $3.6 billion as the company's Internet-leading advertising network lifted revenue by 14 percent to $17.3 billion. After accounting adjustments, Google said it would have earned $6.57 per share, four cents below the estimates among analysts polled by FactSet. After subtracting ad commissions, revenue was $13.9 billion — about $100 million below analysts' predictions. It marked the sixth consecutive...

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