Google's owner Alphabet exceeded market expectations when the quarterly report for the third quarter was presented.
The adjusted profit per share was 2.12 dollars. This can be compared to the market analysts' average forecast of 1.85 dollars per share. The tech giant's revenues during the quarter landed at over 88.2 billion dollars, equivalent to over 937 billion kronor. The revenues also exceeded the forecast, which was 86.3 billion dollars.
In after-hours trading on the New York Stock Exchange, the value of Alphabet's share has risen by 3.4 percent, according to Dagens Industri.
The exceeded expectations come despite a turbulent quarter for the company, both internally and externally. In Google's top management, there have been several executive changes aimed at accelerating the AI upgrade, according to CNBC.
In early October, the US Department of Justice presented its antitrust investigation against Alphabet. It proposes that Alphabet be forced to disclose data behind the search engine Google Chrome and the company's various AI products. Google believes the proposals are radical and sweeping.
