Google parent company Alphabet Inc. posted stronger-than-expected results for its second quarter, with earnings of $112.11 billion, or $9.11 per share, in the April-June period. This represents a significant increase from $28.2 billion, or $2.31 per share, in the same period a year earlier.
Revenue grew 24% to $119.8 billion from $96.43 billion, surpassing analysts’ expectations of $117.06 billion. CEO Sundar Pichai attributed the success to the company’s artificial intelligence investments, stating, “Our AI investments are redefining what’s possible across every part of our business.”
Alphabet’s shares climbed $2.71 to $344.62 in after-hours trading, reflecting the positive earnings report.
Original reporting: KTBS 3 (Shreveport) — read the source article.
