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Alphabet posts 2Q profit

MOUNTAIN VIEW, Calif. – MOUNTAIN VIEW, Calif. (AP) _ Alphabet Inc. (GOOG) on Thursday reported second-quarter earnings of $4.88 billion.

The Mountain View, California-based company said it had net income of $7 per share. Earnings, adjusted for stock option expense, were $8.42 per share.

The Internet search leader posted revenue of $17.52 billion in the period.

Alphabet shares have fallen almost 2 per cent since the beginning of the year, while the Standard & Poor’s 500 index has increased 6 per cent. In the final minutes of trading on Thursday, shares hit $746.23, an increase of 19 per cent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GOOG at http://www.zacks.com/ap/GOOG

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Keywords: Alphabet, Earnings Report, Priority Earnings