Top Midday Stories: Google Reports Better-Than-Expected Q3 Results; Ernst & Young Resigns as Auditor for Super Micro

Google Reports Better-Than-Expected Q3 Results

Google parent company Alphabet reported better-than-expected third-quarter results on Tuesday.

The tech giant reported earnings per share of $1.06 on revenue of $69.1 billion, beating analyst estimates of $1.01 per share on revenue of $68.9 billion.

Alphabet's revenue was up 6% year-over-year, with growth driven by its advertising and cloud computing businesses.

Ernst & Young Resigns as Auditor for Super Micro

Ernst & Young has resigned as the auditor for Super Micro Computer, Inc. following an investigation into the company's accounting practices.

EY said in a statement that it had "identified certain matters" during its investigation that it had been unable to resolve with Super Micro.

The company did not provide any specific details about the matters that it had identified, but it said that it had "concluded that it is no longer able to serve as the auditor of Super Micro Computer, Inc."