MOUNTAIN VIEW, Calif. (AP) — MOUNTAIN VIEW, Calif. (AP) — Alphabet Inc. (GOOGL) on Tuesday reported third-quarter net income of $26.3 billion.
The Mountain View, California-based company said it had net income of $2.12 per share.
The results beat Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of $1.83 per share.
The internet search leader posted revenue of $88.27 billion in the period. After subtracting Alphabet’s advertising commissions, revenue was $74.55 billion, which also topped Street forecasts. Thirteen analysts surveyed by Zacks expected $72.85 billion.
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