Google quarterly revenue tops $100 billion for first time

Google parent Alphabet surpassed analysts’ estimates for the third quarter on Wednesday. Total revenue rose 16% year-over-year to $102.3 billion, beating estimates by the 16 analysts surveyed by Zacks Consensus Estimate who projected an increase of 13.6% compared to the year-ago quarter. “Alphabet had a terrific quarter, with double-digit growth across every major part of our business. We delivered our first-ever $100 billion quarter,” said Sundar Pichai, CEO of Alphabet and Google, in a statement. Dilu ...