Mobile Advertising Growth Keys Alphabet's 24% Quarterly Revenue Rise

Randall Padilla
October 27, 2017

The company generated $27.8 billion in revenue this quarter, up 24% from the same quarter previous year, making this Alphabet's highest-revenue quarter ever. The company has an average rating of "Buy" and a consensus price target of $1,061.20.

ILLEGAL ACTIVITY WARNING: "Alphabet Inc". For the third quarter of 2017 that ended on September 30, it recorded a net income amount of $6.73 billion, a 33 percent increase compared to the same quarter in 2016, when it recorded $5.1 billion in net income. Alphabet accounts for approximately 3.9% of Seatown Holdings Pte. Bank of Montreal Can purchased a new stake in shares of Alphabet during the second quarter worth $761,801,000. Societe Generale set a $1,210.00 target price on Alphabet and gave the company a "buy" rating in a report on Friday, July 7th.

Headcount was up to 78,101, versus 69,953 for the same quarter past year. Courier Capital LLC raised its holdings in shares of Alphabet by 7.9% during the first quarter. Canada Pension Plan Investment Board now owns 874,328 shares of the company's stock worth $615,116,000 after buying an additional 326,759 shares during the period. Finally, Mizuho reiterated a "buy" rating on shares of Alphabet in a research report on Tuesday, October 17th.

TRADEMARK VIOLATION NOTICE: "Eads & Heald Investment Counsel Sells 116 Shares of Alphabet Inc". That's compared to the $27.2 billion analysts expected Google to bring in before its report today, Business Insider reported. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and worldwide trademark and copyright law. Vanguard Group Inc. now owns 18,198,649 shares of the company's stock worth $12,803,295,000 after buying an additional 375,941 shares during the period.

Most of those billions are still coming from advertising, AKA Google and its domination of web search. All of Alphabet's other businesses, which include Google Fiber, its Waymo self-driving vehicle team, Nest and others, brought in just $307 million in revenue during the quarter.

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