Alphabet reports adjusted EPS of $10.13 on revenues of $38.9 billion

Alphabet earnings

• EPS $14.21 with adjusted earnings of $10.13 vs. $8.21 estimate
• revenues $38.9 billion vs. estimate of $37.37 billion
• 2nd quarter cloud revenues of $3.01 billion vs. estimate of $3 billion
• operating margin 17% vs. estimate of 15%
• operating income $6.3 billion vs. estimate $5.91 billion
• YouTube add revenues $3.81 billion vs. estimate $3.76 billion
• Alphabet approved the $28 billion class Cshare repurchase

Alphabet is trading up $16 or 1.04% to $1554.