Alphabet (GOOG) (GOOGL) Tops Q3 EPS by $4.52

Alphabet (NASDAQ: GOOG) reported Q3 EPS of $27.99, $4.52 better than the analyst estimate of $23.47. Revenue for the quarter came in at $65.12 billion versus the consensus estimate of $63.45 billion.

Sundar Pichai, CEO of Alphabet and Google, said: “Five years ago, I laid out our vision to become an AI-first company. This quarter’s results show how our investments there are enabling us to build more helpful products for people and our partners. Ongoing improvements to Search, and the new Pixel 6, are great examples. And as the digital transformation and shift to hybrid work continue, our Cloud services are helping organizations collaborate and stay secure.”

Ruth Porat, CFO of Alphabet and Google, said: “Our consistent investments to support long-term growth are reflected in strong financial performance, with revenues of $65.1 billion in the quarter. We continued to deliver across our business by providing helpful and valuable experiences for both consumers and our partners.”

For earnings history and earnings-related data on Alphabet (GOOG) click here.

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