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Alphabet Surges After-Hours On Record Search Queries, Backlog Builds

By Tyler Durden

Alphabet Surges After-Hours On Record Search Queries, Backlog Builds Google shares are rallying after hours as parent Alphabet's first-quarter earnings report showed strong revenue growth in cloud computing and internet search ads, helping investors look past slowing profits amid huge AI spend. Earnings per share were $5.11, well ahead of Wall Street's consensus estimate of $2.63, and up from $2.81 last year. Revenue for the quarter reached $110 billion, more than expectation...