MOUNTAIN VIEW, Calif. (AP) _ Alphabet Inc. (GOOGL) on Monday reported fourth-quarter earnings of $10.67 billion.

On a per-share basis, the Mountain View, California-based company said it had profit of $15.35.

The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $12.76 per share.

The internet search leader posted revenue of $46.08 billion in the period. After subtracting Alphabet's advertising commissions, revenue was $37.57 billion, falling short of Street forecasts. Eleven analysts surveyed by Zacks expected $38.44 billion.

Alphabet shares have climbed 11% since the beginning of the year, while the Standard & Poor's 500 index has risen 0.5%. In the final minutes of trading on Monday, shares hit $1,480.94, a rise of 32% in the last 12 months.

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

Automated Insights, source Associated Press News