The CNBC report, parent company Google Alphabet Thursday (27th) in the stock after the earnings, Alphabet in the third quarter revenue of $22.45 billion, better than market expectations of $22.05 billion, while seasonally-adjusted earnings per share (EPS) of $9.06, are better than the market had expected $8.63.
Alphabet profit compared with the same period last year, there has been explosive growth, Alphabet $7.35 earnings per share in the third quarter of last year and this year it grew from 23.26% to $9.06 per share, revenue also surged as much as 20%, stunning for the performance market.
Chief Financial Officer Ruth Porat said of the Alphabet, Alphabet for third-quarter revenue was mainly relies on Google search and ad revenue, YouTube and other departments to pump.
Ruth Porat further stated that due to the mobile version of Google search and the huge increase in use of YouTube videos, which greatly boosted Google's core advertising revenue, while Alphabet cloud business, mobile phones businesses, income is also warming occurred.
Google advertising income of 19.821 billion dollars in the third quarter, compared with the same period last year, increased at an annual rate increase of 18.1% and Google's advertising revenue is spread over Alphabet this season's total revenue up to 89.1%. Alphabet in the third-quarter earnings at the same time, also announced a buying Alphabet-c shares of treasury stock plans, scale of $7.019 billion stimulus Alphabet shares stocks rose more than 2%, but then rise and converge.
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