Type to search

FinTech Tech

Google Parent’s Stock Soars on Gangbuster Earnings

Share
Google Parent’s Stock Soars on Gangbuster Earnings

Google blasted through the coronavirus pandemic with gangbuster earnings, just a week after U.S. prosecutors sued the company for operating a purported illegal monopoly in its flagship search business.

Alphabet Inc. reported a third-quarter profit of $11.2 billion, well outstripping analyst estimates. As importantly, digital advertising revenue of $37.1 billion was up compared with last year, marking a turnaround from a quarter earlier, when the company recorded the first drop in the category in company history.

Cogs…

Source link

Tags:

Leave a Comment