© Reuters. Alphabet A profitable, second quarter revenue exceeded expectations
Investing.com-Alphabet A (NASDAQ:) announced on Tuesday its second-quarter results exceeded analysts’ expectations, and its revenue also exceeded expectations.
Alphabet A announced earnings per share of US$27.26 and revenue of US$61.88B. Analysts surveyed by Investing.com expect earnings per share of $19.24 and revenue of $56.19B.
Alphabet A shares rose 50% from the beginning of the year, but still fell 1.81% from the 52-week high of US$2,687.20 set on July 27. Their performance is better than the 16.05% rise at the beginning of the year.
After the report was released, Alphabet A shares rose 2.64% in after-hours trading.
Alphabet A follows the gains of other major communications service sectors this month
Alphabet A’s report was released after Alphabet C’s earnings exceeded expectations on Tuesday. The latter reported earnings per share of US$27.26 and revenue of US$61.88B, while forecast earnings per share were US$19.33 and revenue of US$56.19B.
Verizon exceeded expectations on July 21, with earnings per share of US$1.37 and revenue of US$33.8B in the second quarter, while expected earnings per share were US$1.3 and revenue of US$32.77B.
Learn about all upcoming earnings reports by visiting Investing.com’s earnings calendar
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