Alphabet, the parent company of Google, on Thursday blew past analyst expectations with its first quarter earnings and revenue as ads surged on mobile and YouTube.
Alphabet said it earned $7.73 per share, well up on an expected per-share profit of $7.39, and crushed the bottom line with overall revenues of $24.75 billion, against a Wall Street expectation of $24.22 billion.
Google advertising revenues were $21.4 billion, against a year-earlier $18 billion.
A year ago, Google earned $6.02 per share in the first quarter on revenue of $20.2 billion.
Stock in Alphabet surged 4 percent in after-hours trading to $930.05.
Alphabet is the holding company that houses Google, which is made up of the Internet assets, including search and YouTube.
More to come.