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BREAKING NEWS

Alphabet's third-quarter profit beats estimates

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Alphabet's third-quarter profit beats estimates

Alphabet's third-quarter profit beats estimates
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THOMAS PETER(Reuters)
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(Reuters) - Alphabet Inc beat Wall Street estimates for third-quarter profit on Thursday, as the search engine giant's revenue from online advertisements soared.

Net income rose to $9.19 billion (£7.2 billion), or $13.06 per Class A and B common share and Class C capital share, from $6.73 billion, or $9.57 per share, a year earlier.

Revenue jumped to $33.74 billion from $27.8 billion.

Analysts on average had expected revenue of $34.05 billion and earnings of $10.45 per share, according to Refinitiv data.

(Reporting by Munsif Vengattil in Bengaluru and Paresh Dave in San Francisco; Editing by Bernard Orr)

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