Sales for the quarter rose to $22.27 billion (U.S.) and profit was $9.57 a share, the company said. Alphabet beat projections for third-quarter sales and earnings after a surge in Google ad volume helped the web-search giant shrug off concerns about regulatory scrutiny and an expensive foray into hardware. Porat and Google chief executive officer Sundar Pichai highlighted strong performance from Google’s YouTube video service and cloud business. TAC to these distribution partners, such as Apple Inc., jumped 54 per cent to $2.4 billion in the third quarter. Overall, the units reported sales of $302 million, primarily from Nest and the Google Fiber broadband service.

Source: thestar October 27, 2017 02:26 UTC