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Alphabet Inc. Q2 Income Falls

Alphabet Inc. (GOOGL) released a profit for second quarter that decreased from last year.

The company's earnings totaled $6.96 billion, or $10.13 per share. This compares with $9.95 billion, or $14.21 per share, in last year's second quarter.

Analysts had expected the company to earn $8.21 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 1.6% to $38.30 billion from $38.94 billion last year.

Alphabet Inc. earnings at a glance:

-Earnings (Q2): $6.96 Bln. vs. $9.95 Bln. last year.
-EPS (Q2): $10.13 vs. $14.21 last year.
-Analysts Estimate: $8.21
-Revenue (Q2): $38.30 Bln vs. $38.94 Bln last year.

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