Alphabet shares jumped 4.57% as search ads topping wall street targets.
Google parent Alphabet Inc on Tuesday posted quarterly sales close to Wall Street targets, sending shares up on relief that the world's biggest seller of online advertising had avoided the deep disappointment of rivals including Snap.
Sales from Google's search ad business actually topped expectations, while revenue from YouTube ads, cloud computing and Alphabet's "other bets" unit all came in lower than anticipated, according to data from FactSet and Refinitiv.
Alphabet reported Q2 EPS of $1.21, $0.07 worse than the analyst estimate of $1.28.
Revenue for the quarter came in at $69.69 billion versus the consensus estimate of $70.04 billion.
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