Google parent Alphabet returns to sales growth

(Reuters) - Google parent Alphabet Inc returned to sales growth in the third quarter as businesses initially hobbled by the COVID-19 pandemic resumed advertising with the internet's biggest supplier of search and video ads, it said on Thursday. Revenue rose to $46.17 billion from $40.5 billion a year earlier. Analysts on average had expected revenue of $42.9 billion, according to IBES data from Refinitiv.

Reuters October 30, 2020 02:05:45 IST
Google parent Alphabet returns to sales growth

Google parent Alphabet returns to sales growth

(Reuters) - Google parent Alphabet Inc returned to sales growth in the third quarter as businesses initially hobbled by the COVID-19 pandemic resumed advertising with the internet's biggest supplier of search and video ads, it said on Thursday.

Revenue rose to $46.17 billion from $40.5 billion a year earlier.

Analysts on average had expected revenue of $42.9 billion, according to IBES data from Refinitiv.

(Reporting by Paresh Dave and Munsif Vengattil; Editing by Maju Samuel)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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