Alphabet Inc. Q1 Income Rises, Beats Estimates

(RTTNews) - Alphabet Inc. (GOOGL) released a profit for its first quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $34.540 billion, or $2.81 per share. This compares with $23.662 billion, or $1.89 per share, last year.

Analysts on average had expected the company to earn $2.01 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 12.0% to $90.234 billion from $80.539 billion last year.

Alphabet Inc. earnings at a glance (GAAP) :

-Earnings: $34.540 Bln. vs. $23.662 Bln. last year. -EPS: $2.81 vs. $1.89 last year. -Revenue: $90.234 Bln vs. $80.539 Bln last year.