Alphabet Inc. Q3 Income Rises, Beats estimates

(RTTNews) - Alphabet Inc. (GOOGL) released a profit for its third quarter that increased from the same period last year and beat the Street estimates.

The company's earnings came in at $19.69 billion, or $1.55 per share. This compares with $13.91 billion, or $1.06 per share, in last year's third quarter.

Analysts on average had expected the company to earn $1.45 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 11.0% to $76.69 billion from $69.09 billion last year.

Alphabet Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $19.69 Bln. vs. $13.91 Bln. last year. -EPS (Q3): $1.55 vs. $1.06 last year. -Analyst Estimate: $1.45 -Revenue (Q3): $76.69 Bln vs. $69.09 Bln last year.