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.
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Source Fool.com