Alphabet, the parent company of search giant Google (GOOG, GOOGL) blew away Wall Street’s second quarter estimates on Tuesday, bolstered by strength in advertising and cloud computing.
Here were the main results from Alphabet’s report, compared to consensus estimates compiled by Bloomberg:
Thanks to the tech giant’s linchpin, Google Search, ad revenues skyrocketed by 69% from the comparable year ago quarter. Overall total revenue soared by 62% from Q2 of 2020.
During the quarter, “there was a…
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