Alphabet handily beat Wall Street analysts’ estimates for earnings per share in the first quarter and also topped revenue expectations thanks in part to YouTube advertising.
The tech giant reported total revenue of $90.2 billion, up 12% from the year-ago period, with earnings per share of $2.81. Analysts had expected revenue of $89.15 billion and earnings per share of $2.01.
Shares in Alphabet surged 5% in after-hours trading on the quarterly numbers, after an increase of 2% during the regular trading day.
