Alphabet Inc. Reveals Rise In Q2 Bottom Line, Beats Estimates

(RTTNews) - Alphabet Inc. (GOOGL) reported a profit for its second quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $23.62 billion, or $1.89 per share. This compares with $18.37 billion, or $1.44 per share, in last year's second quarter.

Analysts on average had expected the company to earn $1.84 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 13.6% to $84.74 billion from $74.60 billion last year.

Alphabet Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $23.62 Bln. vs. $18.37 Bln. last year. -EPS (Q2): $1.89 vs. $1.44 last year. -Revenue (Q2): $84.74 Bln vs. $74.60 Bln last year.