Investing.com - Alphabet C (NASDAQ:GOOG) reported third quarter earnings that beat analyst's expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $13.06 on revenue of $33.74B. Analysts polled by Investing.com anticipated EPS of $10.45 on revenue of $27.3B. That compared to EPS of $9.57 on revenue of $27.77B in the same period a year earlier. The company had reported EPS of $11.75 on revenue of $26.24B in the previous quarter.
Alphabet (NASDAQ:GOOGL) C shares lost 99.91% to trade at $1,052.95 in after-hours trade following the report.
For the year, Alphabet C shares are up 4.51%, outperforming the S&P 500 which is up 0.84% year to date.
Alphabet C follows other major Technology sector earnings this month
On Wednesday, Microsoft (NASDAQ:MSFT) reported first quarter EPS of $1.14 on revenue of $29.08B, compared to forecasts of EPS of $0.96 on revenue of $27.9B.
Taiwan Semiconductor earnings matched analyst's expectations on Thursday, October 18, 2018, with third quarter EPS of $0.56 on revenue of $8.4B. Investing.com analysts expected EPS of $0.56 on revenue of $8.38B
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