● ALPHABET'S INVESTMENT LOSSES ERASE EPS GAINS

Alphabet's revenue climbed 25% to $127.6 billion in the third quarter, with Google Cloud revenue more than doubling to $30.7 billion. But other income swung to an $8.2 billion loss, versus a $12.8 billion gain a year earlier, driven by an $8.7 billion loss on equity securities. That swing alone cut diluted EPS by $0.55, holding back $GOOGL's bottom line even as its core business accelerated.