Alphabet Tops Apple in Total Value
San Francisco — Alphabet, Google’s new parent company, topped Apple as the world’s most valuable business in after-hours trading Monday after reporting surging earnings. Alphabet Inc. earned $4.9 billion in net income on revenue of $21.3 billion in the fourth quarter. If not for employee stock expenses and certain other items, Google said it would have earned $8.67 per share. That figure easily topped the average estimate of $8.10 per...
Google Opens Alphabet Era With Report That Lifts Stock
San Francisco — Google received an “A” from investors for its third-quarter report that ushered the Internet search leader into a new era under Alphabet, its recently formed parent company. The numbers released Thursday indicated that Google is making significant strides in the increasingly important mobile-device market, with its earnings surging 45 percent to nearly $4 billion, or $5.73 per share. Ruth Porat, Alphabet’s chief...
