WLB’s adjusted EBITDA of the Canadian Coal Mining segment fell significantly. This metric came in at -$1.6 million compared to $14.3 million in 2Q16 and $59.2 million in 1Q17.
WLB’s operating loss from its Canadian Coal Mining segment came in at ~$11.7 million compared to its operating income of ~$3.6 million in 2Q16.
For 2Q17, Westmoreland Coal’s total coal (KOL) shipments came in at 11.0 million tons compared to 12.0 million tons in 2Q16 and 12.4 million tons in 1Q17.
Revenues from WLB’s US Coal Mining segment came in at ~$141.0 million compared to $152.5 million in 2Q16 and $137.4 million in 1Q17.
Westmoreland Coal (WLB) announced its 2Q17 earnings results before market hours on August 3. WLB’s stock price fell nearly 14% during the intraday trading session on August 3.
Waymo is also making moves to monetize its technology. Waymo has inked several strategic partnerships in recent months, including with Uber rival Lyft.
Waymo, Alphabet’s (GOOGL) unit in charge of developing autonomous driving systems, has been granted a patent that could help reduce road crash deaths.
TechCrunch reported that Google has started testing its Chrome-based ad blocker for Android devices.
Alphabet’s (GOOG) balance sheet reflects total debt of $3.9 billion, and it reported total capital of ~$152.2 billion.
As a result of the EU fine, Alphabet’s 2Q17 diluted earnings per share fell to $5.01 compared to $8.42 in 2Q16.
Alphabet’s EPS (earnings per share) of $9.36 in 4Q16 was $0.26 below consensus expectations despite increasing from $8.67 in 4Q15.
Alphabet’s (GOOGL) recently reported that it finished 2Q17 with 75,606 employees, implying that it hired 1,614 new workers during the quarter.
Research firm eMarketer forecasts that YouTube could account for 12.4% of Google’s net US ad sales by 2018, up from 9.1% in 2015.
eMarketer has an optimistic view of the global Internet advertising industry, noting that the industry could grow to more than $335 billion in 2020 from $194.6 billion in 2016.
Alphabet’s (GOOGL) advertising revenues rose more than 18% year-over-year in 2Q17 to $25.8 billion.
Alphabet’s price-to-sales ratio is 6.5x while the estimated price-to-sales ratio for 2017 is 5.9x.
In 2Q17, Google’s advertising revenues rose to $22.7 billion from $19.1 billion in 2Q16.
Efforts by Alphabet’s (GOOGL) Google to maintain its online advertising dominance, grow its cloud computing business, and raise YouTube’s profile in the era of cord-cutting are weighing on its spending.…
As part of its Digital Skills for Africa initiative, Google would train 10 million Africans in Internet skills over the next five years.
Google, Alphabet’s operating unit that manages cloud computing, noted that it is only a matter of time before it overtakes AWS to become the world’s largest cloud vendor.