Alphabet posts 3Q profit

MOUNTAIN VIEW, Calif. – MOUNTAIN VIEW, Calif. (AP) _ Alphabet Inc. (GOOG) on Thursday reported third-quarter profit of $5.06 billion.

The Mountain View, California-based company said it had profit of $7.25 per share. Earnings, adjusted for stock option expense, came to $9.06 per share.

The Internet search leader posted revenue of $18.27 billion in the period.

Alphabet shares have increased roughly 5 per cent since the beginning of the year, while the Standard & Poor’s 500 index has increased slightly more than 4 per cent. In the final minutes of trading on Thursday, shares hit $795.35, a rise of 12 per cent in the last 12 months.


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Keywords: Alphabet, Earnings Report, Priority Earnings