Alphabet: Q2 Earnings Snapshot
By AP News
Published - Jul 23, 2024, 04:12 PM ET
Last Updated - Jul 23, 2024, 04:12 PM EDT
MOUNTAIN VIEW, Calif. (AP) — MOUNTAIN VIEW, Calif. (AP) — Alphabet Inc. (GOOGL) on Tuesday reported second-quarter net income of $23.62 billion.
On a per-share basis, the Mountain View, California-based company said it had profit of $1.89.
The results surpassed Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of $1.85 per share.
The internet search leader posted revenue of $84.74 billion in the period. After subtracting Alphabet's advertising commissions, revenue was $71.36 billion, also beating Street forecasts. Thirteen analysts surveyed by Zacks expected $70.6 billion.
