Google’s Profit Declines To $2.8 Billion
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Google's stocks decreased by $12.92 (2.4%) to $524 in extended trading after the results were announced.
Google Inc’s CEO
Some of the innovations that Google is working on include Internet-connected eyewear, Internet-beaming balloons, a fleet of drones, driverless cars and robots.
“The trend lines are okay, but you are slowing—growth certainly is slowing,” said Ben Schachter, an analyst at Macquarie Securities USA Inc. “They’re spending a lot to get the talent that they have. What needs to happen is you need to start to seeing some of the non-traditional areas contribute more to Google results,” he added.
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