Google’s parent company Alphabet beat expectations for its second-quarter earnings on the top and bottom lines.
Here are the results compared to Wall Street’s expectations:
Revenue: $26.01vs.$25.64 billion expected
EPS (GAAP): $5.01 vs.$4.46 expected
Alphabet’s stock was down slightly in after-hours trading.
Revenues for Other Bets, which include the other companies under Alphabet like Waymo, Nest, and Verily, were $248 million for the quarter. Other Bets lost $772 million.
Alphabet’s stock has been in good shape this year, and is flirting closer and closer to $1,000. Despite a record-breaking $2.7 billion fine from the EU last month, analysts remain bullish on the future of Alphabet.
In addition to earnings, Alphabet had some other big news earlier Monday. Google CEO Sundar Pichai was named to the company’s board as its 13th member. Pichai has been a Google employee since 2004.
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Het bericht Alphabet beats expectations on earnings verscheen eerst op Business Insider.