Alphabet GOOGL shares were rising after-hours on Tuesday after beating first quarter revenue estimates, although earnings per share came in lighter than expected.
For the quarter, revenue of $41.16 billion beat a $40.82 billion consensus, while EPS of $9.87 came in below a $10.68 consensus. Excluding traffic acquisition costs, Q1 revenue was $33.71 billion, beating a $33.32 billion consensus.
Shares were rising 3.4% to $1,275.00 after-hours after falling 3% during the regular hours trading session.
Eric Jhonsa, TheStreet and Real Money's tech columnist, is analyzing Alphabet's first quarter earnings report, as well as its call with analysts, scheduled for 4:30 p.m. E.T.