Alphabet still runs fast, but its pace is slowing. A potential bid for device-maker Fitbit could bring new youthful energy, or just a slightly expanded waistline, writes rob_cyran.
Alphabet on Oct. 28 reported revenue of $40.5 billion in the third quarter, an increase of 20% from the same period last year. The U.S. technology firm earned $7.1 billion, or $10.12 per share, compared to $9.2 billion, or $13.06 per share in the third quarter last year.
Separately, the owner of Google has made an offer to acquire Fitbit, the maker of wearable electronic devices, Reuters reported on Oct. 28. The value of the offer is not known, but Fitbit shares rose 30% in trading.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Google results to share stage with U.S. antitrust probeBeyond fresh insights into Alphabet Inc's quarterly earnings on Monday, fin...
Read more »
Alphabet to report third-quarter earnings after the bellAnalysts expected Alphabet to gain on another strong quarter of sales.
Read more »
Alphabet third-quarter profit misses estimatesAlphabet third-quarter profit misses estimates, hit by aggressive spending by the Google unit on marketing and hardware development $GOOG For more breaking business news, follow ReutersBiz
Read more »
Exclusive: Google owner Alphabet in bid to buy FitbitGoogle owner Alphabet Inc has made an offer to acquire U.S. wearable device make...
Read more »
Alphabet dips on earnings missAlphabet missed earnings expectations, sending the stock down after hours
Read more »