Alphabet Nears Historic $100 Billion Revenue Milestone

Alphabet Inc., the parent company of Google, is poised to achieve an unprecedented financial milestone as it prepares to release its third-quarter earnings after U.S. markets close today. Market observers anticipate the technology behemoth may surpass $100 billion in quarterly revenue for the first time in its history, with shares already trading near record levels in anticipation of strong results.

Financial analysts have converged around remarkably consistent projections, forecasting revenue growth of approximately 13 percent that would place Alphabet’s quarterly performance between $99.75 and $100.14 billion. This would represent a landmark achievement for the technology conglomerate. On profitability metrics, experts anticipate earnings per share of $2.27.

The company’s stock has already Read more...