Alphabet reported third-quarter earnings that beat analyst expectations. Shares rose 5% in after-hours trading.
Here's how the company did, compared with estimates from analysts polled by LSEG:
Revenue: $102.35 billion vs. $99.89 billion estimated
$102.35 billion vs. $99.89 billion estimated Earnings per share: $3.10 adj. vs $2.33 estimated
Wall Street is also watching several other numbers in the report:
YouTube advertising revenue : $10.26 billion vs. $10.01 billion, according to StreetAccount
: $10.26 billion vs. $10.01 billion, according to StreetAccount Google Cloud revenue: $15.15 billion vs. $14.74 billion, according to StreetAccount
$15.15 billion vs. $14.74 billion, according to StreetAccount Traffic acquisition costs (TAC): $14.87 billion billion vs. $14.82 billion, according to StreetAccount
Alphabet reported solid momentum in its cloud business, thanks to strong demand for AI. The company also announced an increase in expected capital expenditures for the fiscal year 2025.
"With the growth across our business and demand from Cloud customers, we now expect 2025 capital expenditures to be in a range of $91 billion to $93 billion," the company said in its earnings report Wednesday.
... continue reading