Alphabet Inc. Reports 24% Gain In Q3 Earnings

(RTTNews) - Alphabet Inc. (GOOGL) revealed earnings for its third quarter that increased compared to the same period last year.

The company said its bottom line advanced to $6.33 billion, or $9.06 per share. This was higher than $5.10 billion, or $7.35 per share, in last year's third quarter.

Analysts had expected the company to earn $8.64 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 20.2% to $22.45 billion. This was up from $18.68 billion last year.

Alphabet Inc. earnings at a glance:

-Earnings (Q3): $6.33 Bln. vs. $5.10 Bln. last year. -Earnings Growth (Y-o-Y): 24.1% -EPS (Q3): $9.06 vs. $7.35 last year. -EPS Growth (Y-o-Y): 23.3% -Analysts Estimate: $8.64 -Revenue (Q3): $22.45 Bln vs. $18.68 Bln last year. -Revenue Change (Y-o-Y): 20.2%