Alphabet Exceeds Earnings Expectations, Driven by Cloud Revenue

Reported 28 days ago

Alphabet, the parent company of Google, reported third quarter earnings of $2.12 per share, surpassing Wall Street's expectation of $1.84 per share. The company's revenue, excluding traffic acquisition costs, also exceeded estimates at $74.55 billion compared to an expectation of $72.88 billion, with total revenue reaching $88.27 billion. Google Cloud contributed significantly with $11.35 billion in revenue, above the anticipated $10.79 billion.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis