Google parent Alphabet Q1 2020 earnings – $6.8 billion profit

Alphabet Inc, (NASDAQ: GOOG, GOOGL) the parent company of Google reported Q1 2020 earnings. Alphabet earned $6.8 billion in profit on sales of $41.2 billion.

The stock was down 3.3% on the day and now up in after hours, After hours 1,286.50 +52.83 (4.28%)

The Verge reports:

Google Cloud and YouTube revenues, which Alphabet began disclosing for the first time back in February after the US Securities and Exchange Commission demanded more transparency, were both bright spots for the company. YouTube revenue jumped 33 percent to $4 billion for the quarter, while Google’s cloud computing division saw a jump of more than 55 percent to $2.8 billion.

Here is a link to the full report on ABC.xyz