Alphabet (GOOGL - Get Report) shares were rising after hours after the company reported first quarter earnings of $7.73, topping Wall Street's $7.39 per share forecast. Revenue of $24.75 billion also beat analysts' $24.22 billion forecasts.
The company reported a 22% rise, or 24% on a constant currency basis, in revenue and a 1% increase in operating margin to 27%.
"We clearly continue to benefit from our ongoing investments in product innovation and have great momentum in our new businesses across Alphabet," said CFO Ruth Porat.
Alphabet shares were up 4.55% to $932 after Thursday's close.
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