Alphabet's profit higher than expected

» Updated: July 24 2024

» Published: July 23 2024

Alphabet's profit higher than expected
Photo: Magnus Lejhall/TT

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Google's parent company Alphabet reported a result exceeding expectations in its interim report, reports CNBC.

The IT giant's revenues landed at 84.7 billion dollars, equivalent to approximately 912 billion kronor, during the second quarter of the year, compared to the predicted 84.2 billion dollars.

The profit per share was 1.89 dollars, compared to the analysts' forecast, which averaged 1.84 dollars.

The cloud service Google Cloud brought in 10.4 billion dollars. The analysts' forecast was 10.2 billion dollars.

On the other hand, the revenues from ads on Youtube did not meet expectations. They amounted to 8.7 billion dollars, compared to the predicted 8.9 billion dollars.

Alphabet's share had risen by just over 1 percent after half an hour in after-hours trading on the New York Stock Exchange.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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