Google’s Alphabet defies expectations with 20% revenue rise. #technews #businessnews
Google’s parent Alphabet defied expectations to report a 20.2% rise in quarterly revenue on Thursday, while retail giant Amazon slightly missed predicted predicted forecasts due to spending on preparations for the holiday season.
Indicating an end to its record-breaking profits streak, Amazon reported profit of $252m or 52 cents per share, though analysts had predicted 85 cents per share. Revenues reached $32.71bn but are predicted to reach between $42bn and $45.5bn for the busy fourth quarter.