Alphabet, Google's parent company, has just published its Q2 2018 financials. The headlining story of this release is that the market was surprised by Google acheiving far stronger ad sales than expected. Thus Alphabet shares have been up as much as 5 per cent in afterhours trading. You can read through the full earnings release here (PDF).
Alphabet reported revenues of $32.7 billion, up 26 per cent versus the second quarter of 2017. In terms of income, it made $3.2 billion in net income for the quarter, which works out to $4.54 a share, down from $5.01 a share a year ago. Without the approx $5 billion EU fine, Alphabet would have reported earnings of $11.75 a share. Analysts had expected $9.64 a share without consideration of the EU fine (which Alphabet is appealing against).
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