Alphabet beats revenue expectations of the street in Q2 with 26.24 billion dollars

• Google's parent company, Alphabet, is expected to release its second-quarter results after markets close on Monday.
• Investors are eager to see how Google has overcome the many challenges that the company has had to face in the second quarter. A major antitrust investigation conducted in Europe resulted in a fine of US $ 5 billion
• Alphabet shares were slightly ahead of profits

Alphabet beat Wall Street's expectations in the second quarter with a business figure of 26.24 billion dollars

Outside trading hours, Alphabet Alphabet shares rose 4%

Excluding traffic acquisition costs ( TAC), the money shared by Google with partner advertisers, a survey of badysts showed that to report income of 25.6 billion US dollars an increase of 22 percent from last year, according to TheStreet.com. According to GAAP, badysts expect the company's earnings per share to be around US $ 9.66

"We delivered another quarter of very good performance "Said Ruth Porat, CFO of Alphabet and Google.

Google has announced a net profit of 3.2 billion US dollars, down from 3.5 billion US dollars in the second quarter of last year. This is largely due to the US $ 5 billion fine recently imposed on Google by the European Commission. The EC alleged that Google had violated EU antitrust laws. Google appeals decision

TAC, an important step in Google's advertising business, soared to 23 percent of advertising revenue in the second quarter, up slightly from 22 percent reported in the same period last year. Business Insider will report Alphabet income as soon as the numbers cross, so be sure to refresh this page or click here for the latest version.

NOW WATCH: Tech Insider Videos

Follow Business Insider Australia on Facebook, Twitter LinkedIn and Instagram.