How did Alphabet perform in the second quarter?

[Dan Smith]

[Bryan Reynolds]

Shares of Alphabet Inc. (NASDAQ:GOOGL) climbed 7% yesterday following the company’s earnings report that beat analysts’ estimates.

The online behemoth reported Q2 net income of $9.95bn, or $14.21 a share, beating the $4.54 a share in the same quarter last year. The company reported revenue of $38.94bn, 19% higher than revenue from the year-ago period.

Consensus estimates were $11.10 a share on revenue of $38.15bn.

Reported ad sales were 16% higher than from the year-ago period, hitting $32.6bn. Cloud and Youtube sales were exceptionally good this quarter said the company’s CFO Ruth Porat.

Unlike Facebook, Alphabet didn’t publicly confirm that it is under an antitrust investigation by the Justice Department and Federal Trade Commission.

When asked about the investigation, “We understand there will be scrutiny. It’s not new to us.” Google chief executive officer Sundar Pichai said.

[Bryan Reynolds]

Shares of Alphabet Inc. (NASDAQ:GOOGL) climbed 7% yesterday following the company’s earnings report that beat analysts’ estimates.

The online behemoth reported Q2 net income of $9.95bn, or $14.21 a share, beating the $4.54 a share in the same quarter last year. The company reported revenue of $38.94bn, 19% higher than revenue from the year-ago period.

Consensus estimates were $11.10 a share on revenue of $38.15bn.

Reported ad sales were 16% higher than from the year-ago period, hitting $32.6bn. Cloud and Youtube sales were exceptionally good this quarter said the company’s CFO Ruth Porat.

Unlike Facebook, Alphabet didn’t publicly confirm that it is under an antitrust investigation by the Justice Department and Federal Trade Commission.

When asked about the investigation, “We understand there will be scrutiny. It’s not new to us.” Google chief executive officer Sundar Pichai said.