Alphabet Q3 Earnings Highlights: Revenue Beat, EPS Beat, Google Cloud Up 35%, 'Momentum Across The Company Is Extraordinary'
Portfolio Pulse from Chris Katje
Alphabet Inc reported strong Q3 earnings with revenue of $88.27 billion, beating estimates. EPS was $2.12, also surpassing expectations. Google Cloud revenue grew 35% year-over-year, driven by AI advancements. The company's stock rose 3.38% in after-hours trading.
October 29, 2024 | 8:22 pm
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Alphabet Inc reported Q3 revenue of $88.27 billion, beating estimates, with EPS of $2.12. Google Cloud revenue increased by 35% year-over-year, driven by AI advancements. The stock rose 3.38% in after-hours trading.
Alphabet's Q3 earnings exceeded expectations with strong revenue and EPS figures. The significant growth in Google Cloud, driven by AI, highlights the company's successful strategy and innovation. The positive market reaction, with a 3.38% increase in after-hours trading, indicates investor confidence.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Alphabet Inc reported Q3 revenue of $88.27 billion, beating estimates, with EPS of $2.12. Google Cloud revenue increased by 35% year-over-year, driven by AI advancements. The stock rose 3.38% in after-hours trading.
Alphabet's Q3 earnings exceeded expectations with strong revenue and EPS figures. The significant growth in Google Cloud, driven by AI, highlights the company's successful strategy and innovation. The positive market reaction, with a 3.38% increase in after-hours trading, indicates investor confidence.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100