Alphabet shares rise on earnings beats boosted by cloud revenue
Publishing timestamp: 2024-10-29 16:00:01
Summary
Alphabet reported strong third-quarter earnings with blowout cloud revenue, beating expectations on both top and bottom lines. The company plans to continue cost-cutting efforts using AI and reported growth in various segments, including YouTube ad revenue and Google Cloud Platform. The strong quarter kicks off a big week of earnings for tech companies.
Sentiment: POSITIVE
Tickers: AAPL, GOOGL, GOOG, AMZN, META, MSFT,
Keywords: google, alphabet class c, business news, amazon.com inc, breaking news: technology, internet, alphabet inc, technology, microsoft corp, apple inc, meta platforms inc,
Source: https://www.cnbc.com/2024/10/29/alphabet-to-report-q3-earnings-after-the-bell.html