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Alphabet reports 21 per cent jump in quarterly revenue

Profit would have been much larger but for a record US$2.7 billion European Union antitrust fine

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If not for the fine, Alphabet said, earnings per share would have been US$8.90 in the second quarter, compared with US$7 a year earlier. With the fine, Alphabet reported earnings per share of US$5.01, beating an average estimate of US$4.49.

San Francisco

ALPHABET INC reported a 21 per cent jump in quarterly revenue on Monday, maintaining a growth rate that is rarely seen among companies its size and suggesting that the big sales gains enjoyed recently by the other Internet firms are not done yet.

Alphabet, the owner

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