Around the Net
Google And Microsoft Post Worst Than Expected Quarterly Results
- The Drum, Friday, April 22, 2016 7:32 AM
Google and Microsoft have hit investors for a double whammy after they simultaneously posted worse than expected quarterly earnings for the January-March period, sparking a sell-off in both. Google’s parent firm Alphabet fared worst after shedding a whopping six per cent at the close of play on Wall Street, equating to a slump in market value of $32bn – despite a rise in revenues to $20.2bn.
