Alphabet Inc. has reported strong financial performance, with a 15% increase in turnover for the third quarter, reaching $88.27 billion. The operating margin also rose from 28% to 32%, resulting in an operating profit of $28.5 billion and a net income of $26.3 billion for shareholders. This exceeded analysts' expectations.
The cloud segment achieved a 35% growth to $11.35 billion.
Revenue from Google services increased by 12.5% to $76.51 billion.
UBS reported a net profit of $1.425 billion for the third quarter, surpassing analysts' expectations by 82%.
The bank's total turnover reached $12.33 billion, and its asset management division saw a net inflow of $25 billion.
Grenke issued a profit warning due to a rise in bad debt losses, reflecting broader economic challenges in Europe.
The market reactions have been mixed, with Asian indices recording losses and U.S. equity index futures showing slight gains.
The future outlook remains uncertain, and investors are advised to monitor economic indicators and corporate earnings reports.