Alphabet Inc. (NASDAQ: GOOG, GOOGL) reported second quarter 2022 earnings results today.
Revenues increased 13% year-over-year to $69.7 billion.
Net income amounted to $16 billion, or $1.21 per share, compared to $18.5 billion, or $1.36 per share, last year.
Cash and cash equivalents totaled $18 billion at the end of the quarter.
Both the top and bottom line numbers missed expectations but the stock still gained over 3% in after-market hours on Tuesday.