Alphabet shares surge as it trounces profit estimates on strong online ad sales

Google is still raking in marketing dollars from advertisers, propelling the online search giant to another strong quarter in the face of costly regulatory trouble in Europe. Parent company Alphabet Inc. reported second-quarter sales, minus partner payouts, of US$26.24 billion during the second quarter. Analysts were expecting revenue of US$25.55 billion, according to data compiled…

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