Alphabet Beats Analyst Expectations For Quarterly Earnings
  • 6 years ago

According to Reuters, Alphabet beat Wall Street's expectations for their second quarter profit margin.
Posted after the closing bell, Alphabet shares jumped over 5-percent in after-hours trading.
Google's parent company reported adjusted earnings per share were $10.58, beating analyst estimates by $1.
Before adjustments, Alphabet recorded $11.75 earnings per share.
Overall, Alphabet reported $32.66 billion in second-quarter revenue, 86-percent of which came from Google’s advertising business.
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