Alphabet (GOOG) (GOOGL) Misses Q3 EPS by $2.34

Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) reported Q3 EPS of $10.12, $2.34 worse than the analyst estimate of $12.46. Revenue for the quarter came in at $40.5 billion versus the consensus estimate of $40.3 billion.

“I am extremely pleased with the progress we made across the board in the third quarter, from our recent advancements in search and quantum computing to our strong revenue growth driven by mobile search, YouTube and Cloud,” said Sundar Pichai, Chief Executive Officer of Google. “We’re focused on providing the most helpful services to our users and partners, and we see many opportunities ahead.”

“Our businesses delivered another quarter of strong performance, with revenues of $40.5 billion, up 20% versus the third quarter of 2018 and up 22% on a constant currency basis,” said Ruth Porat, Chief Financial Officer of Alphabet and Google. “We continue to invest thoughtfully in talent and infrastructure to support our growth, particularly in newer areas like Cloud and machine learning.”

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