Alphabet Posts $26.47B Third-Quarter Net Income
GOOG sits 21% above its 52-week low of $267.17.
Summary
Alphabet reported third-quarter net income of $26.47B, per Dow Jones Newswires, alongside earnings per share of $2.12. Revenue for the quarter came in at $127.58B, with operating income of $40.58B and an operating margin of 32%. Google Cloud revenue was $30.71B. The profit print lands after a stretch of heavy spending news: capex guidance was raised to $195–$205B in early August and the company sold $25B of bonds, so the results are the first read on whether the AI buildout is still paying for itself.
At the time of this announcement, GOOG was trading at $322.60 on NASDAQ in the Technology sector, with a market capitalization of approximately $4T. The 52-week trading range was $267.17 to $404.47. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.