Why Alphabet, Inc. Stock Popped Today
Shares of Alphabet Inc. (NASDAQ: GOOG)(NASDAQ: GOOGL) were up 6.8% as of noon EDT Friday after the parent company of Google announced strong third-quarter 2017 results.
More specifically, Alphabet's quarterly revenue climbed 23.7% year over year to $27.772 billion. That translated to 33% growth in net income to $6.732 billion, and a 32% increase in earnings per diluted share to $9.57. Both the top and bottom lines were well ahead of investors' expectations for earnings of $8.33 per share on revenue of $27.2 billion.
IMAGE SOURCE: ALPHABET INC.
Source: Fool.com
Alphabet Inc. A Stock
€158.50
-0.310%
With 82 Buy predictions and not a single Sell prediction Alphabet Inc. A is an absolute favorite of our community.
With a target price of 165 € there is a slightly positive potential of 4.1% for Alphabet Inc. A compared to the current price of 158.5 €.
