Categories AlphaGraphs, Earnings, Technology
Earnings: Google parent Alphabet (GOOG, GOOGL) beats Q3 profit, revenue
Alphabet Inc. (NASDAQ: GOOGL, GOOG) reported 41% growth in third-quarter revenues, aided by the continued strength of its search advertising business. The results also topped the Street view.
The company, which owns internet search platform Google, reported a 41% growth in revenues to $65.12 billion for the third quarter of 2021. Revenue from Google, the largest segment, increased by 40%, with most of it coming from advertising. The top-line also exceeded Wall Street’s projection.
Net income rose sharply to $18.9 billion or $27.99 per share during the three-month period from $11.2 billion or $16.4 per share in the third quarter of 2020, and topped the market’s expectations.
Read management/analysts’ comments on Alphabet’s Q3 report
Shares of Alphabet have gained around 20% in the past six months. The stock closed Tuesday’s regular trading higher but dropped in the after-hours, following the earnings announcement.
Prior Performance
Most Popular
QCOM Earnings: Qualcomm Q2 2024 revenue and profit beat Street view
Semiconductor company Qualcomm, Inc. (NASDAQ: QCOM) reported an increase in earnings and revenues for the second quarter of 2024. The numbers came in above analysts' estimates. At $9.39 billion, March-quarter
Key takeaways from Amazon’s Q1 2024 earnings report
Amazon.com Inc. (NASDAQ: AMZN) had an upbeat start to fiscal 2024, delivering strong growth across the business in the first three months of the year. While the cloud segment continues
Key takeaways from Pfizer’s (PFE) Q1 2024 earnings report
Shares of Pfizer Inc. (NYSE: PFE) gained over 5% on Wednesday following the company’s announcement of its first quarter 2024 earnings results. Although the top and bottom line numbers decreased
