Reported about 17 hours ago
Alphabet Inc., Google's parent company, reported its first-ever quarterly revenue exceeding $100 billion, showcasing its dominance in the tech industry despite ongoing legal scrutiny. For the July-September period, the company generated a profit of nearly $35 billion and a revenue increase of 16% year-over-year, surpassing analysts' expectations. Investors reacted positively, pushing Alphabet's stock price up by over 6%. While the tech giant continues to excel, it faces potential future challenges due to ongoing litigation concerning its advertising practices.
Source: YAHOO