Google's first earnings as Alphabet: Strong $18.7B in revenue, $7.35 earnings per share, $5B in buybacks
- 8 years ago
Today the corporate behemoth formerly known as Google shared how much cash it made during its third quarter.
Alphabet Inc. scraped up $18.7 billion in revenue and $7.35 earnings per share during the quarter.
Not bad, considering analysts expected it to report $18.53 billion in revenue and $7.21 earnings per share.
Analysts predicted strong growth for Google, which reported $16.52 billion in revenue during last year's third quarter, and $6.35 earnings per share.
Following the release of today's report, Alphabet's stock jumped more than 12 percent after hours.
Regardless of today's results, the pressure is on for Google to prove it can grow its mobile search business, limit heavy spending on ambitious "moonshots," and uncover interesting monetization opportunities for services like YouTube.
Alphabet Inc. scraped up $18.7 billion in revenue and $7.35 earnings per share during the quarter.
Not bad, considering analysts expected it to report $18.53 billion in revenue and $7.21 earnings per share.
Analysts predicted strong growth for Google, which reported $16.52 billion in revenue during last year's third quarter, and $6.35 earnings per share.
Following the release of today's report, Alphabet's stock jumped more than 12 percent after hours.
Regardless of today's results, the pressure is on for Google to prove it can grow its mobile search business, limit heavy spending on ambitious "moonshots," and uncover interesting monetization opportunities for services like YouTube.