Alphabet Inc. Q1 Income Advances 18%

(RTTNews) - Alphabet Inc. (GOOGL) released earnings for its first quarter that gained ground from last year.

The company said its bottom line rose to $5.25 billion, or $7.50 per share. This was higher than $4.46 billion, or $6.47 per share, in last year's first quarter.

Analysts had expected the company to earn $7.97 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 17.4% to $20.26 billion. This was up from $17.26 billion last year.

Alphabet Inc. earnings at a glance:

-Earnings (Q1): $5.25 Bln. vs. $4.46 Bln. last year. -Earnings Growth (Y-o-Y): 17.7% -EPS (Q1): $7.50 vs. $6.47 last year. -EPS Growth (Y-o-Y): 15.9% -Analysts Estimate: $7.97 -Revenue (Q1): $20.26 Bln vs. $17.26 Bln last year. -Revenue Change (Y-o-Y): 17.4%