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They lost 6 billion on their equities compared to last years quarter. If you ignore that, which seems valid as it's fluky, they had a great quarter. Went from $
by colinmhayes 5y ago
They lost 6 billion on their equities compared to last years quarter. If you ignore that, which seems valid as it's fluky, they had a great quarter. Went from $13 billion in profit to $17.5. Would like to see more growth in youtube and GCP, but that's is nowhere near a facebook/netflix event.
- christophilus 5y agoThe fact that US companies have to count unrealized gains / losses on their income statement is just absurd.
- devonbleak 5y agoMeans no (or at least fewer) surprises when it becomes realized. In the context of the scandals of the past it makes sense.
- christophilus 5y agoIt makes sense to report them; just not as earnings or losses. It makes reasoning about earnings more annoying. I now have to subtract that out to determine how things are faring, as quarter-to-quarter, and even yearly-to-yearly moves in equities are largely noise.
- pkaye 5y agoIs it different in EU?