Alphabet revenue beats expectations

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Alphabet revenue beats expectations
Photo: Marcio Jose Sanchez/AP/TT

Earnings per share for the quarter were $5.11, CNBC reported.

Revenue was $109.9 billion, compared with the $107.2 billion analysts expected, according to research firm LSEG.

For Alphabet's cloud service, Google Cloud, sales amounted to $20 billion. Analyst firm Street Account had estimated $18.05 billion.

In one year, Google Cloud's revenue has risen by 63 percent.

The stock rose sharply in after-hours trading on the New York Stock Exchange. A few minutes after the quarterly report was released, it was up 3.8 percent.

Alphabet is the world's third most valuable publicly traded company.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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