MOUNTAIN VIEW, Calif. (AP) — MOUNTAIN VIEW, Calif. (AP) — Alphabet Inc. (GOOGL) on Tuesday reported first-quarter net income of $15.05 billion.
On a per-share basis, the Mountain View, California-based company said it had net income of $1.17.
The results surpassed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.
The internet search leader posted revenue of $69.79 billion in the period. After subtracting Alphabet’s advertising commissions, revenue was $58.07 billion, also topping Street forecasts. Twelve analysts surveyed by Zacks expected $57.19 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GOOGL at https://www.zacks.com/ap/GOOGL
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.