MOUNTAIN VIEW, Calif. (AP) _ Alphabet Inc. (GOOGL) on Tuesday reported third-quarter profit of $18.94 billion.

On a per-share basis, the Mountain View, California-based company said it had net income of $27.99.

The results surpassed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $23.13 per share.

The internet search leader posted revenue of $65.12 billion in the period. After subtracting Alphabet's advertising commissions, revenue was $53.62 billion, which also topped Street forecasts. Nine analysts surveyed by Zacks expected $51.8 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GOOGL at https://www.zacks.com/ap/GOOGL

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