Alphabet Q3 EPS $2.12 Misses $3.02 Estimate, Sales $127.577B Miss $128.175B Estimate

Alphabet (NASDAQ:GOOGL) reported quarterly earnings of $2.12 per share which missed the analyst consensus estimate of $3.02 by 29.8 percent. This is a 26.13 percent decrease over earnings of $2.87 per share from the same period last year. The company reported quarterly sales of $127.577 billion which missed the analyst consensus estimate of $128.175 billion by 0.47 percent. This is a 24.65 percent increase over sales of $102.346 billion the same period last year.