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|Letters spell the word ''Alphabet'' as they are seen on a computer screen with a Google search page in this photo illustration taken in Paris http://www.vegasgoldenknightsofficialstore.com/adidas-deryk-engelland-jersey , France, August 11, 2015.
Alphabet Inc reported better-than-expected quarterly profit on Monday, sending shares of Google's parent soaring in after-hours trading and making it the most valuable U.S. company ahead of rival Apple Inc.
It was the first quarter the company provided information on what it calls 'Other Bets' such as self-driving cars, and the solid results eased investor concerns about the company's spending on ambitious projects.
"As long as the core business continues to operate well with accelerated revenue... investment in those businesses can continue," said Ronald Josey of JMP Securities.
Alphabet said consolidated revenue jumped 17.8 percent to $21.33 billion in the fourth quarter ended Dec. 31, from $18.10 billion a year earlier. Analysts had expected $20.77 billion http://www.vegasgoldenknightsofficialstore.com/adidas-david-perron-jersey , according to Thomson Reuters IBES.
Adjusted earnings of $8.67 per share handily beat analysts' average estimate of $8.10 per share.
? Alphabet passes Apple to become most valuable traded U.S. company
Total operating losses on the Other Bets – which include glucose-monitoring contact lenses and Internet balloons - increased to $3.57 billion in the 12 months ended Dec. 31, and $1.2 billion in the fourth quarter.
In a call with analysts, Chief Financial Officer Ruth Porat attributed the strong earnings to "increased use of mobile search by consumers," as well as "ongoing momentum" in YouTube and programmatic advertising.
Google's shares were up almost 6 percent at $795.68 in after-hours trading, after breaking through the $800 level.
Alphabet's combined share classes were worth $555 billion, compared with Apple, which had a value of about $534 billion.
Alphabet will officially overtake Apple in market value if both companies' shares open around current levels on Tuesday.
Google's advertising revenue increased nearly 17 percent to $19.08 billion http://www.vegasgoldenknightsofficialstore.com/adidas-colin-miller-jersey , while the number of ads, or paid clicks, rose 31 percent, the company said. Analysts had expected paid clicks to increase 21.8 percent.
Advertisers pay Google only if someone clicks on their ad.
Net income in the fourth quarter rose to $4.92 billion, or $7.06 per Class A and B share and Class C capital stock, from $4.68 billion, or $6.79 per share. (bit.ly1WY8V19)
Adjusted earnings of $8.67 per share excluded certain one-time items.
GUANGZHOU http://www.vegasgoldenknightsofficialstore.com/adidas-cody-eakin-jersey , Feb. 13 (Xinhua) -- When a recent sex trade crackdown brought the Chinese city of Dongguan under spotlight, netizens launched another online campaign featuring the city's glories.
On microblogs and online forums, people have uploaded and forwarded photos on Dongguan, "The Factory of the World," in the booming southern province of Guangdong, plotting its history from a fishing village to a manufacturing and logistics behemoth.
"Dongguan You May Not Know" called for local residents to be more proud of their city, and to tell the world about it.
"We produced one fifth of the world's digital products; we destroyed the country's opium here; we topped the Chinese Basketball Association league eight times; we attracted 10 million migrants..." said captions of the photos uploaded when the city was mocked as China's "Sex Capital" after prostitution busts and media exposure on Sunday.
By Wednesday http://www.vegasgoldenknightsofficialstore.com/adidas-clayton-stoner-jersey , a total of 920 suspects had been apprehended and police had swooped on more than 18,000 entertainment venues in Guangdong, including karaoke bars, saunas, and massage parlors.
FACTORY OF WORLD
About 140 km away from Hong Kong, Dongguan used to be a small fishing village. In 1839, Lin Zexu http://www.vegasgoldenknightsofficialstore.com/adidas-brendan-leipsic-jersey , an official of the Qing Dynasty (1644-1912), burned 1,000 tonnes of opium confiscated from foreign dealers at Humen Township in Dongguan. The move triggered the First Opium War between China and Britain from 1840 to 1842, which resulted in Hong Kong's colonization for a century.
In the late 1970s, with opening up and reform, Dongguan, as Hong Kong's neighbor http://www.vegasgoldenknightsofficialstore.com/adidas-brayden-mcnabb-jersey , was among the leaders in foreign trades.
More than three decades later and the gross domestic product of the city last year exceeded 500 billion yuan (82.5 billion U.S. dollars). That's a trade volume of over 150 billion U.S. dollars.
According to Yao Kang, the city's deputy Party chief, one tenth of the world's sneakers are produced in Dongguan, about 20 percent of the world wears Dongguan sweaters, and 30 percent of the world's children are playing with Dongguan toys. World-famous brands, such as Nokia and Samsung, have plants in the city.
The city is home to basketball team Guangdong Hongyuan http://www.vegasgoldenknightsofficialstore.com/adidas-brandon-pirri-jersey , eight-time CBA champions. NBA player Yi Jianlian once played for them.
The 2015 mixed team world badminton championships, the Sudirman Cup, will be hosted there.
Booming manufacturing attracted millions from all over China. According to the city government, permanent residents reached 8.3 million in 2012, but only 1.87 million of them are locals with household registrations. The population density exceeded 3,300 per square kilometer, triple that of Beijing.
Since the world economic downturn in 2008 and with increasing labor costs http://www.vegasgoldenknightsofficialstore.com/adidas-brad-hunt-jersey , the "factory of world" has been forced to change its growth pattern.
The Dongguan Light Array Display Products Co. Ltd., a company which used to manufacture household appliances for foreign brands, have turned to hi-tech products such as high-end camera modules and electro-optic application products.
Shu Weiping, general manager of the company, said the company changed their target from foreign to domestic consumption with large spending on technical research and development. Sales revenue have surged from less than 10 million yuan to 40 million, and the number of employees decreased from 7,000 to less than 1 http://www.vegasgoldenknightsofficialstore.com/adidas-alex-tuch-jersey ,000.P Apa. http://www.wholesalenhlcheapjerseys.com/ Wholesale Jerseys Free Shipping Wholesale Jerseys China Wholesale Jerseys China Wholesale Throwback Jerseys Wholesale Custom Jerseys Wholesale Jerseys China Wholesale Baseball Jerseys From China Cheap Jerseys China Wholesale Authentic Basketball Jerseys