Alphabet Q2 Results Beat Street on Top, Bottom Lines

Alphabet slammed Wall Street estimates in its second quarter, posting earnings of $8.42 a share on revenue of $21.5 billion.
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Alphabet (GOOGL) - Get Report posted second quarter earnings of $8.42 a share on revenue of $21.5 billion. Analysts were looking for $8.04 a share on sales of $20.76 billion. Last year, Alphabet earned $6.99 a share on sales of $17.73 billion in its second quarter. As for details, Google's aggregate paid clicks were up 29 percent year-over-year while the company's cost-per-click dropped seven percent. Revenue from Alphabet's Google business came in at $21.3 billion while the company's 'Other Bets' produced a loss of $859 million on revenue of $185 million.