By Yasin Ebrahim
Investing.com - Google-parent Alphabet reported third-quarter results that topped Wall Street estimates as increased online consumer spending bolstered growth in its core-advertising business.
Alphabet (NASDAQ:GOOGL) shares gained 0.38% in after-hours trade following the report.
Alphabet announced earnings per share of $27.99 on revenue of $65.12 billion. Analysts polled by Investing.com anticipated EPS of $23.75 on revenue of $63.47 billion.
Google Advertising climbed 43%, to $53.13 billion
Google Search & other, and YouTube divisions saw revenue rise 44% and 43% respectively.
Google Cloud -- including includes Google’s infrastructure and data analytics platforms, collaboration tools, and other services for enterprise customers -- was up 45%, to $3.44 billion.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar