Alphabet Inc. Bottom Line Advances 21% In Q2

(RTTNews) - Alphabet Inc. (GOOGL) announced earnings for its second quarter that increased compared to the same period last year.

The company said its bottom line totaled $5.86 billion, or $8.42 per share. This was higher than $4.83 billion, or $6.99 per share, in last year's second quarter.

Analysts had expected the company to earn $8.04 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 21.3% to $21.50 billion. This was up from $17.73 billion last year.

Alphabet Inc. earnings at a glance:

-Earnings (Q2): $5.86 Bln. vs. $4.83 Bln. last year. -Earnings Growth (Y-o-Y): 21.3% -EPS (Q2): $8.42 vs. $6.99 last year. -EPS Growth (Y-o-Y): 20.5% -Analysts Estimate: $8.04 -Revenue (Q2): $21.50 Bln vs. $17.73 Bln last year. -Revenue Change (Y-o-Y): 21.3%