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.
Source: Tech Daily Report (techdailyreport.net)
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