https://wccftech.com/alphabet-inc-makes-huge-net-income-gains-in-q2-2019-beats-analysts/

Google’s parent company Alphabet Inc has just announced its earnings results for the second quarter of fiscal year 2019. Alphabet (NASDAQ:GOOG) reported $36.339 Billion revenues last quarter, and this has increased to $38.9 Billion this quarter. Net Income for Alphabet Inc is $9.9 Billion in 2Q19, with an Earnings Per Share of $14.11. This beats analyst estimates massively, with these estimates ranging from $11.10 to $11.90. Take a look below for more details.

After having battled with the European Commission’s fines for a couple of quarters, Alphabet Inc has finally recovered. Google’s holding company took an approximate $2 Billion hit from this fine in its Q1, 2019. This quarter, Alphabet (NASDAQ:GOOG) reports Net Income of $9.9 Billion, which is a 3.29% QoQ (Quarter-over-Quarter) and a 3x YoY (Year-over-Year) increase.