It is estimated that Alphabet generated earnings of $1.21 per share in the June quarter, which is broadly in line with the prior-year number. Analysts are looking for a 6.1% decline in third-quarter revenues to $65.42 billion.
In the previous quarter, advertising revenue came in at $54.5 billion, unchanged year-over-year. Total revenues moved up 3% from last year to around $70 billion in the first quarter. Meanwhile, net income declined 8% to $15 billion and earnings per share dropped 5% annually to $1.17. Operating cash flow was an impressive $23.5 billion.
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