Alphabet faces legal challenges while reporting strong financial growth
fool.com —
Alphabet faces a significant challenge as the U.S. Department of Justice seeks to break up the company due to alleged monopoly practices involving its Google Chrome browser. A judge has ruled against Google, but the final outcome may take years to resolve. Despite this legal issue, Alphabet's financial performance remains strong. In the third quarter, revenue increased by 15%, and earnings per share rose by 37%, driven by growth in its cloud computing and artificial intelligence sectors. Google Cloud's revenue surged by 35% year over year, benefiting from its advanced AI tools. Alphabet's stock is currently priced lower than many competitors, making it an attractive option for investors despite the ongoing DOJ investigation.