Alphabet Class A Beats
Alphabet Class A (GOOGL) reported 3rd Quarter September 2016 earnings of $9.24 per share on revenue of $22.5 billion. The consensus earnings estimate was $8.63 per share on revenue of $17.9 billion. The Earnings Whisper number was $8.72 per share. Revenue grew 20.2% on a year-over-year basis.
Google Inc is a web search and online advertising company. The Company offers search, online advertising, operating systems and platforms, enterprise and hardware products.
Alphabet Announces Third Quarter 2016 Results
OUNTAIN VIEW, Calif. – October 27, 2016 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended September 30, 2016.
“We had a great third quarter, with 20% revenue growth year on year, and 23% on a constant currency basis. Mobile search and video are powering our core advertising business and we’re excited about the progress of newer businesses in Google and Other Bets,” said Ruth Porat, CFO of Alphabet.
For the full press release, please go here.