Categories AlphaGraphs, Earnings, Technology

GOOGL Earnings: Key quarterly highlights from Alphabet’s Q3 2023 financial results

Alphabet Inc. (NASDAQ: GOOG, GOOGL) reported its third quarter 2023 earnings results today.

Revenues increased 11% year-over-year to $76.6 billion.

Net income rose to $19.6 billion, or $1.55 per share, from $13.9 billion, or $1.06 per share, last year.

Both revenue and earnings beat expectations.

Total Google Services revenues were $67.9 billion while Google Cloud revenues totaled $8.4 billion.

Despite the earnings beat, the stock fell over 5% during aftermarket hours on Tuesday.  

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