Google results avoid disaster, with search ads topping Wall Street targets

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Reuters UK

By Paresh Dave and Nivedita Balu (Reuters) -Google parent Alphabet Inc on Tuesday posted quarterly sales close to Wall Street targets, sending shares up on relief that the world’s biggest seller of online advertising had avoided the deep disappointment of rivals including Snap. Sales from Google’s search ad business actually topped expectations, while revenue from YouTube ads, cloud computing and Alphabet’s “other bets” unit all came in lower than anticipated, according to data from FactSet and Refinitiv. Shares of Alphabet were up 3% in after-hours trade after rising as much as 4.3% following…

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