Alphabet Inc., the parent company of Google announced financial results today for the 2nd quarter and beat expected earnings sending the stock higher in after hours trading despite the hefty fine that Google had to pay to the European Union in the antitrust lawsuit recently. Excluding the fine Alphabet's earnings would have been $11.75 per share. This was well above most analysts projections for the quarter.
"We delivered another quarter of very strong performance, with revenues of $32.7 billion, up 26% versus the second quarter of 2017 and 23% on a constant currency basis. Our investments are driving great experiences for users, strong results for advertisers, and new business opportunities for Google and Alphabet," said Ruth Porat, CFO of Alphabet and Google.
Read the entire earnings report at Alphabet.