Alphabet's Earnings Rally Pushes Magnificent 7 Market Cap To Record $16.8...

Published on 30 Oct 2024 on Benzinga

Alphabet's Earnings Rally Pushes Magnificent 7 Market Cap To Record $16.8...

Alphabet Inc. GOOGL GOOG, the parent company of Google, reported stellar third-quarter earnings that not only beat Wall Street’s expectations but also drove the combined market cap of the “Magnificent Seven” tech giants to an unprecedented $16.8 trillion.

Alphabet's earnings per share came in at $2.12, a 37% increase over the same quarter last year, far exceeding the consensus estimate of $1.55, according to data from Benzinga Pro.

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Alphabet's Earnings Rally Pushes Magnificent 7 Market Cap To Record $16.8...

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