Alphabet shares rise on stronger-than-expected revenue growth [Google]

Key Points Alphabet reported revenue of $90.23 billion and earnings per share of $2.81. The company’s shares rose as much as 4% on stronger-than-expected revenue growth. Alphabet’s search and advertising units are still showing strong growth despite AI competition heating up, according to its first-quarter earnings report. =========================================================== Alphabet, the parent company of Google and YouTube, reported stronger-than-expected first-quarter growth on Thursday after the bell. Shares rose more than 5% in after-hours trading. Here’s how the company did, compared with estimates from analysts polled by LSEG: Revenue: $90.23 billion vs. $89.12 billion, estimated Earnings per share: $2.81 vs. $2.01, estimated...