Alphabet (Google) Q3 Earnings Highlights: Revenue Beat, EPS Beat, 'AI Driven Innovations' For Search, Cloud, YouTube
Portfolio Pulse from Chris Katje
Alphabet Inc reported Q3 revenue of $76.69 billion, up 11% YoY, beating the consensus estimate of $75.94 billion. The EPS of $1.55 also beat the estimate of $1.45. The company's segments, including Google Search, YouTube Ads, Google Network, and Google Cloud, showed strong performance. Alphabet CEO Sundar Pichai highlighted AI-driven innovations across Search, YouTube, Cloud, and pixel devices. The company's shares were down 5% in after-hours trading.
October 24, 2023 | 8:28 pm
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NEGATIVE IMPACT
Alphabet's Q3 results beat estimates with strong performance across segments. However, shares were down 5% in after-hours trading.
Despite beating estimates, Alphabet's shares were down in after-hours trading. This could be due to market factors or investor sentiment not reflected in the earnings report.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Alphabet's Q3 results beat estimates with strong performance across segments. However, shares were down 5% in after-hours trading.
Despite beating estimates, Alphabet's shares were down in after-hours trading. This could be due to market factors or investor sentiment not reflected in the earnings report.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100