Alphabet stock soars as earnings crush estimates on strong cloud growth

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Google parent Alphabet's (GOOGGOOGL) stock surged 6% in after-hours trading Tuesday as the company reported fiscal third quarter earnings that beat analysts' estimates on the top and bottom lines, helped by strong growth in its cloud business.

The search giant reported earnings per share of $2.12 on revenue of $88.27 billion for the quarter ended Sept. 30. That represents a profit and sales increase from the same period last year of 37% and 15%, respectively.

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Alphabet Inc. (GOOG)

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