Alphabet Shares Spike on Strong Quarterly Financial Results
Alphabet shares were trading sharply higher late Thursday on strong March quarter financial results. For the quarter, the parent of Google and YouTube posted revenue of $80.5 billion, up 15% from the year-earlier period and well above Street consensus at $78.7 billion. Profits were $1.89 a share, blowing past the Street consensus as tracked by FactSet at $1.51 a share.