Google’s parent company Alphabet released its second-quarter financial report: net profit fell 14% year-on-year

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 Titanium Media App July 27 news, Alphabet (Google parent company) today released the company's financial report for the second quarter of the 2022 fiscal year ended June 30. According to the report, Alphabet’s total revenue in the second quarter was US$69.685 billion, an increase of 13% compared with US$61.880 billion in the same period last year, and a year-on-year increase of 16% excluding the impact of exchange rate changes; according to US GAAP, Alphabet’s No. Second-quarter net profit was $16.002 billion, down 14% from $18.525 billion in the same period last year; diluted earnings per share were $1.21, compared with $1.36 in the same period last year.  Alphabet's second-quarter revenue and diluted earnings per share missed Wall Street analysts' expectations, but its shares rose more than 3 percent after the bell.

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