Alphabet, Google's new parent company, beats third-quarter earnings forecast

October 22, 2015 9:25 PM

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Alphabet Inc., the recently created parent company of Google Inc., topped earnings estimates in the third quarter, grossing $18.7 billion in revenue, the company said Thursday.

The earnings amounted to 13% year-on-year growth for the tech giant and beat analyst expectations of $18.54 billion in revenue, according to a Thomson Reuters survey.

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