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Benzinga
Benzinga
Business
Namrata Sen

Alphabet Stock Climbs Nearly 4% In Thursday Pre-Market: What's Going On?

Google,Logo,At,The,Entrance,Of,Its,Headquarters,In,Warsaw,

The shares of Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) climbed 3.87% in Thursday pre-market after its Q2 financial results surpassed analyst expectations. The company attributed the strong performance to a growing demand for cloud services. 

What Happened: On Wednesday, Alphabet announced that its Q2 revenue stood at $96.43 billion, outperforming the projected $93.72 billion. The company’s EPS was $2.31, surpassing the anticipated $2.16. This marks the tenth consecutive quarter of Alphabet exceeding analyst expectations.

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