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Alphabet posts 4Q profit

MOUNTAIN VIEW, Calif. – MOUNTAIN VIEW, Calif. (AP) _ Alphabet Inc. (GOOG) on Monday reported fourth-quarter profit of $4.92 billion.

The Mountain View, California-based company said it had net income of $7.06 per share. Earnings, adjusted for stock option expense, came to $8.67 per share.

The Internet search leader posted revenue of $17.27 billion in the period.

Alphabet shares have declined almost 1 per cent since the beginning of the year, while the Standard & Poor’s 500 index has declined 5 per cent. In the final minutes of trading on Monday, shares hit $752, a climb of 41 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