Google Revenue and Income Rise as Mobile Contribution Grows
Revenue at Google grew to $18.7 billion in the third quarter, up 13% from the period a year earlier, its newly formed parent company, Alphabet, said Thursday.
Net income totaled nearly $4 billion, up from $2.8 billion a year earlier.
The results pleased Wall Street, where analysts had predicted revenue closer to $18.5 billion, according to Reuters, as did the company’s announcement that it will buy back nearly $5.1 billion worth of stock.
