Alphabet (NASDAQ:GOOG), the parent company of Google, reported a stronger than expected set of Q3 2021 results, with revenue rising 41% year-over-year to $65.12 billion and EPS rising 71% to $27.99.
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Growth was driven by Google’s key products including Search and Youtube advertising, as well as the Google Cloud operations.
Although Alphabet stock remained roughly flat in after-hours trading on Tuesday, following the report, the stock has outperformed considerably this year, rising by about 60% since early January considering Google’s strong momentum.