Google ads gain fuels profit for parent company Alphabet

Google ads gain fuels profit for parent company Alphabet

A continued rebound in digital ad spending at Google drove its parent company’s profit up 68% in the third quarter.

Mountain View, California-based Alphabet Inc. said Tuesday that it earned $18.94 billion, or $27.99 per share, in the July-September period. Revenue rose 41% to $65.12 billion.

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Analysts polled by FactSet expected earnings of $23.73 per share on revenue of $63.53 billion. Shares…


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