Alphabet shares rise on stronger-than-expected revenue growth

Google CEO Sundar Pichai testifies before the House Judiciary Committee at the Rayburn House Office Building in Washington, D.C., on Dec. 11, 2018. Alphabet , the parent company of Google and YouTube, reported stronger-than-expected first-quarter growth on Thursday after the bell. Shares rose 4% in after-hours trading. Here's how the company did, compared with estimates from analysts polled by LSEG: Revenue: $90.23 billion vs. $89.12 billion, estimated $90.23 billion vs. $89.12 billion, estimated Earnings per share: $2.81 vs. $2.01, estimated Wall Street is also watching several other numbers in the report: YouTube advertising revenue : $8.93 billion versus $8.97 billion, according to StreetAccount : $8.93 billion versus $8.97 billion, according to StreetAccount Google Cloud revenue: $12.26 billion $12.27 billion, according to StreetAccount $12.26 billion $12.27 billion, according to StreetAccount Traffic acquisition costs (TAC): $13.75 billion versus $13.66 billion, according ... Read full article.