MOUNTAIN VIEW, Calif. (AP) — MOUNTAIN VIEW, Calif. (AP) — Alphabet Inc. (GOOGL) on Wednesday reported third-quarter earnings of $34.98 billion.
The Mountain View, California-based company said it had profit of $2.87 per share.
The results surpassed Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of $2.26 per share.
The internet search leader posted revenue of $102.35 billion in the period. After subtracting Alphabet's advertising commissions, revenue was $87.47 billion, which also beat Street forecasts. Twelve analysts surveyed by Zacks expected $84.96 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GOOGL at https://www.zacks.com/ap/GOOGL
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