
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.