Alphabet exceeded market expectations, but despite the solid result, the company’s share price plunged more than five percent in aftermarket trading.
Search engine giant In July-September, Google’s parent company Alphabet made about 19.7 billion dollars in profit, the company tells. The figure is almost six billion dollars higher compared to the result of the corresponding quarter of the previous year.
Alphabet’s turnover was about 76.7 billion dollars, while the corresponding amount a year ago was about 69.1 billion.
The company’s positive result is based on income from advertisements, the video service YouTube and cloud services.
Alphabet exceeded market expectations, but despite the solid result, the company’s share price plunged more than five percent in aftermarket trading.
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