Google Earnings: GOOG beats Q3 estimates on top and bottom line
|Alphabet (GOOG) scored solidly on its third quarter results released after the market close on Tuesday, October 26. The search leader reported earnings per share of $27.99 per share, well above estimates, on revenues of $65.1 billion. Analyst consensus expected EPS of $23.48 per share on revenue of $63.3 billion.
Google Cloud revenue came in just below $5 billion compared to estimates of $3.4 billion. YouTube revenue also came in above expectations at $7.2 billion vs. $5 billion. The stock rose 0.6% on the beat and is up 58.4% YTD.
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