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Alphabet: Q1 Earnings Snapshot

MOUNTAIN VIEW, Calif. (AP) — MOUNTAIN VIEW, Calif. (AP) — Alphabet Inc. (GOOGL) on Wednesday reported first-quarter earnings of $62.58 billion.

The Mountain View, California-based company said it had profit of $5.11 per share.

The results topped Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $2.64 per share.

The internet search leader posted revenue of $109.9 billion in the period. After subtracting Alphabet’s advertising commissions, revenue was $94.67 billion, also beating Street forecasts. Nine analysts surveyed by Zacks expected $92.22 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GOOGL at https://www.zacks.com/ap/GOOGL

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