Alphabet Q1 Earnings, Revenue Jump; Shares Surge After Hours

Alphabet (GOOG) reported Q1 earnings late Thursday of $1.89 per diluted share, up from $1.17 a year earlier.

Analysts polled by Capital IQ expected $1.51.

Revenue in the quarter ended March 31 rose to $80.5 billion from $69.8 billion a year earlier.

Analysts surveyed by Capital IQ expected $78.7 billion.

Shares of the company surged 12% in after-hours activity.

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