Alphabet delivers big earnings beat in third quarter

Alphabet delivers big earnings beat in third quarter

Alphabet delivers big earnings beat in third quarter

Total revenue was $27.772 billion, up 24%, year over year, while "traffic acquisition cost" came in at $5.502 billion. Alphabet presently has an average rating of "Buy" and a consensus target price of $1,036.51. The institutional investor owned 29,800 shares of the information services provider's stock after selling 20,700 shares during the quarter. The original version of this news story can be viewed at https://stocknewstimes.com/2017/10/26/eads-heald-investment-counsel-sells-116-shares-of-alphabet-inc-googl.html. Alphabet accounts for approximately 3.9% of Seatown Holdings Pte.

However, Google's payments to partners running its ads and services rose to $5.5 billion, compared to $4.1 billion in the third quarter of past year.

Google's parent company, Alphabet, had yet another highly successful financial report. Harbour Capital Advisors LLC now owns 743,744 shares of the information services provider's stock worth $800,000 after buying an additional 742,602 shares in the last quarter. Seatown Holdings Pte. Ltd.'s holdings in Alphabet were worth $27,704,000 at the end of the most recent quarter.

Shares of Alphabet Inc. The revenue represented a 24 percent increase over the same period a year ago. Looking back over the last month, shares have performed 5.38%. Finally, Macquarie reiterated an outperform rating and issued a $975.00 price objective on shares of Alphabet in a report on Wednesday, October 5th. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of United States and worldwide trademark and copyright laws. If you are accessing this story on another site, it was stolen and reposted in violation of worldwide copyright & trademark legislation. Both revenues and earnings per share beat Wall Street estimates.

Alphabet Inc is a holding company.

Google's net revenue, minus traffic costs, was $22.27 billion, topping estimates of $21.92 billion. All of Alphabet's other businesses, which include Google Fiber, its Waymo self-driving vehicle team, Nest and others, brought in just $307 million in revenue during the quarter.

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