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Why Alphabet Stock Just Jumped

TheMotleyFool

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Shares of Google parent Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) rushed out of the gate Wednesday, rising 6% in the first 10 minutes of trading in response to an earnings beat announced yesterday.

Heading into earnings, analysts had estimated that Alphabet would report $15.90 per share in fourth-quarter profits on $53.1 billion in sales, but the company blew right past both those numbers, with EPS of $22.30 on sales of $56.9 billion.

Image source: Getty Images.

Source Fool.com

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