简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Alphabet shares fell in after-hours trading despite the company reporting that its third-quarter revenue beat analysts' estimates.
Alphabet shares fell in after-hours trading despite the company reporting that its third-quarter revenue beat analysts' estimates.
Shares of Alphabet (GOOGL) - Get Alphabet Inc. Class A Report, the parent company of Google, dropped Tuesday in after-hours trading despite the technology giant reporting its third-quarter revenue beat analysts estimates.
Alphabet shares fell 0.8% after hours to $2,762.01 on news that its quarterly revenue rose by 41% to $65.12 billion, exceeding an estimate of $63.34 billion predicted by analysts surveyed by Refinitiv.
The Google parent reported net income of $18.93 billion for the quarter ending Sept. 30 with earnings per share of $27.99, beating estimates of $23.48.
“Five years ago, I laid out our vision to become an AI-first company,” Alphabet CEO Sundar Pichai said in a statement. This quarters results show how our investments there are enabling us to build more helpful products for people and our partners.
“Ongoing improvements to Search, and the new Pixel 6, are great examples. And as the digital transformation and shift to hybrid work continue, our Cloud services are helping organizations collaborate and stay secure.”
Googles advertising revenue rocketed in the third quarter, rising 43% to $53.13 billion compared to $37.09 billion in the same period of 2020. Google Cloud revenue rose almost 45% in the quarter to $4.99 billion compared to $3.44 billion in the same period of the previous year.
“Our consistent investments to support long-term growth are reflected in strong financial performance, with revenues of $65.1 billion in the quarter,” Alphabet CFO Ruth Porat said in a statement. “We continued to deliver across our business by providing helpful and valuable experiences for both consumers and our partners.”
For more blockchain news, please download WikiBit - the Global Blockchain Regulatory Inquiry APP.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Pichai's salary will increase to $2 million, plus millions more in stock, some tied to the company's performance.
David Drummond reportedly said he started dating his new partner during a roughly three-year stint when she was not working at Google.
Google refused to comment on allegations that its chief legal officer fathered a son with an employee while he was married and abused her emotionally.
Internal discussions were sparked, employees say, by a recent letter sent Google CEO Sundar Pichai by ten US Senators.