Alphabet, cloud computing
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Happy numbers galore. Net income rose 33% to nearly $35 billion, while earnings per share jumped 35% to $2.87.
Alphabet stock surges 5% after record $100B Q3; Cloud, AI, and Gemini drive growth as analysts turn more bullish.
The social-media company said it would “aggressively” raise spending to stay competitive in the artificial-intelligence arms race. That se
Alphabet's earnings call is scheduled to begin today at 5:30 p.m. Eastern Time or 2:30 pm. Pacific Time. Investors can listen to the call on the Alphabet Investor Relations YouTube channel. Shares of
Google parent Alphabet just turned in its first $100 billion quarter with AI and cloud acting as major drivers of growth. Total revenue was up 16% year-on-year to $102.3 billion, while net income was $35 billion, up 33%.
Three of the biggest U.S. technology companies flagged plans on Wednesday to accelerate capital spending over the next year but investors were most accepting of Google-parent Alphabet's ability to fund its plans from its cash flow.
Alphabet reported third-quarter earnings per share that rose to $2.87 from $2.12 a year ago, and beat the average analyst EPS estimate compiled by FactSet of $2.12. That marked the 11th straight quarter the Google parent beat bottom-line expectations,
Mark Mahaney, Evercore ISI head of internet research, joins 'Squawk Box' to discuss Meta and Alphabet's quarterly earnings results.