Alphabet Just Posted a Jaw-Dropping $112 Billion Profit. Here's the Catch.
Alphabet's quarter was boosted by huge SpaceX gains.
Overview
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) is one of the world's largest companies, and it posted one of the most profitable quarters in history. It delivered an incredible $112 billion in net income. However, that comes with a big asterisk.
In Q2, Alphabet generated $120 billion in revenue. It's nearly impossible for a company to turn almost a 100% profit margin, and that's exactly the case here. So, what's the catch with Alphabet's most profitable quarter ever?
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Originally published at www.fool.com.
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