MOUNTAIN VIEW, Calif. (AP) _ Alphabet Inc. (GOOGL) on Tuesday reported second-quarter earnings of $16 billion.
The Mountain View, California-based company said it had profit of $1.21 per share.
The results did not meet Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.27 per share.
The internet search leader posted revenue of $69.69 billion in the period. After subtracting Alphabet's advertising commissions, revenue was $57.47 billion, which also did not meet Street forecasts. Eleven analysts surveyed by Zacks expected $57.55 billion.
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