Google Earnings: GOOG beats Q3 estimates on top and bottom line

Alphabet (GOOG) scored solidly on its third quarter results released after the market close on Tuesday, October 26. The search leader reported earnings per share of $27.99 per share, well above estimates, on revenues of $65.1 billion. Analyst consensus expected EPS of $23.48 per share on revenue of $63.3 billion.

Google Cloud revenue came in just below $5 billion compared to estimates of $3.4 billion. YouTube revenue also came in above expectations at $7.2 billion vs. $5 billion. The stock rose 0.6% on the beat and is up 58.4% YTD.