Google Inc.’s stock soared more than 5% after it posted a sharp fall in its quarterly earnings and its quarterly net profit.
The tech giant posted a loss of $6.3 billion for the quarter, or $1.78 a share.
It also said that its search engine Google Search Plus lost 9% in the period.
Analysts had expected earnings of $1 a share, or a profit of $3.8 billion.
Google said it expects the quarterly results to be in line with its guidance and that it will have to make more in the coming quarters to stay on top of the growth challenges that have been plaguing the technology giant.