Equity reports

Get to know your offshore companies: ALPHABET INC. (NASDAQ: GOOGL)

Alphabet Inc recently released its third-quarter results for the period ending 30 September 2019. The company beat expectations on revenue, delivering top-line growth of 20% to $4.5bn, driven by mobile search, YouTube and cloud.

The group’s net income  decreased to $7.08bn (3Q18: $9.1bn) which translated into diluted earnings per share of $10.12, a decline of 22.5% (3Q18: $13.06) compared to the previous period.

The decrease in profits came as a result of the company’s increased spending on R&D, a $554 million charge from a legal settlement and marketing expenses.

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