european commission: The company reported profit of 14.21 per share, or 9.9 billion during the quarter nearly triple what it made last year when it paid a 5.1 billion European Commission fine, according to The Japan Times. Analysts polled by Fact Set were expecting Alphabet to report earnings per share of 11.10 on revenue of 38.2 billion during the second quarter. The company comforted investors with advertising revenue growth that edged out last quarter, and assurances that video streaming site You Tube and the company's enterprise cloud business are continuing to drive growth. ; The Mountain View, California-based company brought in revenue of 38.9 billion during the second quarter, a 19 percent bump from the same period last year. Google's stock rose more than 9 percent in after-hours trading after the earnings report was released. But their concerns didn't continue into the next quarter. Investors and analysts had been disappointed by slowing advertising revenue growth Google's main cash cow after the first quarter.
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