Sundar Pichai, CEO, Alphabet
Lluis Gene | AFP | Getty Images
Alphabet reported 11% revenue growth in the third quarter, as a rebound in advertising pushed expansion into double digits for the first time in over a year. The shares dropped almost 7% in extended trading as the cloud business missed analysts’ estimates.
Here are the results.
- Earnings per share: $1.55 per share vs. $1.45 per share expected by LSEG, formerly known as Refinitiv
- Revenue: $76.69 billion vs. $75.97 billion expected by LSEG
The company also reported the following numbers:
- YouTube advertising revenue: $7.95 billion vs. $7.81 billion expected, according to StreetAccount
- Google Cloud revenue: $8.41 billion vs. $8.64…