04:45 PM EDT, 10/29/2024 (MT Newswires) -- Alphabet (GOOG, GOOGL) late Tuesday reported stronger-than-expected third-quarter results, driven by strength in the Google ( GOOG ) parent's advertising and cloud operations.

Per-share earnings rose to $2.12 for the September quarter from $1.55 a year earlier, compared with the consensus among analysts on Capital IQ for $1.85. Revenue advanced 15% to $88.27 billion, ahead of Wall Street's view of $86.22 billion.

Class A and C shares of Alphabet were up more than 4% each in after-hours trade.

Google ( GOOG ) services revenue increased to $76.51 billion from $67.99 billion, driven by a jump in advertising to $65.85 billion from $59.65 billion. Search and YouTube ( GOOG ) ad sales climbed year-over-year while that for Google ( GOOG ) network slipped.

Revenue in the Google ( GOOG ) cloud segment rose to $11.35 billion from $8.41 billion.

"In cloud, our (artificial intelligence) solutions are helping drive deeper product adoption with existing customers, attract new customers and win larger deals," Alphabet Chief Executive Sundar Pichai said in a statement.

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