Investing.com - Alphabet C (NASDAQ:GOOG) reported second quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $14.21 on revenue of $38.94B. Analysts polled by Investing.com forecast EPS of $11.1 on revenue of $38.16B. That compared to EPS of $11.75 on revenue of $32.66B in the same period a year earlier. The company had reported EPS of $9.5 on revenue of $36.34B in the previous quarter.
Alphabet (NASDAQ:GOOGL) C shares gained 5.79% to trade at $1,200.00 in after-hours trade following the report.
For the year, Alphabet C shares are up 32.77%, outperforming the S&P 500 which is up 21.3% year to date.
Alphabet C follows other major Technology sector earnings this month
On Thursday, July 18, 2019, Microsoft reported fourth quarter EPS of $1.37 on revenue of $33.72B, compared to forecasts of EPS of $1.21 on revenue of $32.77B.
Facebook earnings missed analyst's expectations on Wednesday, with second quarter EPS of $0.91 on revenue of $16.89B. Investing.com analysts expected EPS of $1.87 on revenue of $16.5B
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