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Strategies & Market Trends : stocks for medium & long-term hold durations

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Lou Weed
To: rimshot who wrote (56)10/26/2021 4:32:46 PM
From: rimshot1 Recommendation  Read Replies (1) of 426
 
Alphabet (GOOG, GOOGL) reported Q3 earnings of $27.99 per diluted share late Tuesday, up from $16.40 per share a year earlier.
Analysts surveyed by Capital IQ called for $23.32 on a GAAP basis, and $23.25 on a non-GAAP basis.
Revenue for the September quarter rose to $65.12 billion, from $46.17 billion a year earlier.

The consensus estimate was $63.28 billion.

YouTube (GOOG) has been another major driver of Google's(GOOG) advertising gains.
The video behemoth reported sales grew 43% to $7.21 billion in the quarter.
The business is on track to generate nearly as much revenue this year

as Netflix Inc., a subscription business valued at nearly $300 billion.

Alphabet tallied historic sales growth and nearly doubled its profit in 3Q, as smaller businesses poured money into digital ads aimed at customers whose purchases have shifted online. The company said revenue increased 41% to $65.12B, its largest in 14 years. It posted a profit of $21.03B, three times what it reported before the pandemic. The red-hot digital ad market helped the company's ad business post $53.13B in sales from advertising, a 43% increase. Shares are off 2% in after-hours trading.
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