Alphabet’s stellar earnings send its share price soaring

Tweet Share Alphabet, the umbrella for Google’s core business, as well as its riskier “Other Bets,” posted its second-quarter earnings today. In the third time the company has detailed its performance segment by segment, it handily beat analysts’ expectations. It notched $21.5 billion in revenue, a gain of 21 percent versus this same period last year. It also reported $5.97 billion in net income, a 28 percent increase year-over-year. Both of those areas saw better growth rates than last year, an impressive feat given Google’s increasingly massive scale. It’s share price rose to a new all-time high. Other Bets, made up of Alphabet’s so-called moonshot projects, reported $184 million in revenue, more than double the $74 million it booked during this same three-month period last year. Its losses also grew, although…

Link to Full Article: Alphabet’s stellar earnings send its share price soaring

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