Alphabet Inc. (GOOG) on Wednesday reported first-quarter results with profit surging from last year, driven by double-digit revenue growth.
The tech and digital services company reported a jump in net income to $62.58 billion, up from $34.54 billion, nearly double, during the same period last year. Earnings per share also saw an increase, rising to $5.11 from $2.81 the year before.
Revenues rose to $109.90 billion, up 22% from $90.23 million a year ago, highlighting strong performance across primary business areas. This growth was fueled by higher operating income and ongoing expansion in crucial segments.
GOOG is currently trading after hours at $369.79, up $22.48 or 6.47 percent on the Nasdaq.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.