Alphabet, Inc. Earnings: 5 Metrics You Shouldn't Overlook

Shares of Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) are down several percent today following the tech company's second-quarter earnings report. But don't let the pullback in Alphabet shares fool you. The online search giant is firing on all cylinders.

Sure, the $2.7 billion European Commission fine paid during the quarter reduced Alphabet's operating income by 40%. Further, the fine could foreshadow some changes in the way Europe regulates Alphabet's display ads, and ultimately, reduce its revenue in this important market. But when investors look beyond this headwind, they'll find a dominant, profitable business that continued to thrive during Q2.

Image source: Google.

Source: Fool.com