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
Take-Two Interactive (TTWO) Q4 earnings decline, revenue up 11%
Gaming company Take-Two Interactive Software, Inc. (NASDAQ: TTWO) announced fourth-quarter 2022 results Monday after the closing bell, reporting an 11% revenue growth. Fourth-quarter revenues rose to $930.0 million from $839.4
Pinterest (PINS): Here are a few points to keep in mind if you have an eye on this stock
Shares of Pinterest Inc. (NYSE: PINS) stayed in green territory on Monday. The stock has dropped 40% year-to-date and 62% in the past 12 months. There is a mixed sentiment
Stock Watch : Here’s What You Need to Know before investing in Kellogg (K)
Food companies have performed better than most other sectors during the pandemic as government restrictions forced people to cook at home. Investors, in general, find the stocks of such companies
