Alphabet (GOOG) Tops Q2 EPS by $1.92

Alphabet (NASDAQ: GOOG) reported Q2 EPS of $10.13, $1.92 better than the analyst estimate of $8.21. Revenue for the quarter came in at $38.3 billion versus the consensus estimate of $37.37 billion.

“We’re working to help people, businesses and communities in these uncertain times,” said Sundar Pichai, Chief Executive Officer of Google and Alphabet. “As people increasingly turn to online services, our platforms — from Cloud to Google Play to YouTube — are helping our partners provide important services and support their businesses.” “In the second quarter our total revenues were $38.3B, driven by gradual improvement in our ads business and strong growth in Google Cloud and Other Revenues,” said Ruth Porat, Chief Financial Officer of Alphabet and Google. “We continue to navigate through a difficult global economic environment.”

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