Alphabet impressed investors with a remarkable 15% increase in revenue to $80.5 billion and higher-than-expected earnings per share of $1.89.
Analyst Brad Erickson highlighted Alphabet's margins surpassing expectations, indicating a commitment to cost savings, driving the stock to surge over 11%.
Alphabet's net income rose by 57% to $23.66 billion, supported by Google's advertising revenue growth of 13%, which rebounded from economic uncertainties in previous years.
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