Google’s parent blasted through an earlier pandemic-fueled slow patch, returning to the steady growth that made the tech conglomerate one of the corporate world’s most stable bets.
Alphabet Inc. reported profit of $11.2 billion, well outstripping analyst estimates. As importantly, digital-advertising revenue of $37.1 billion was up compared with last year, marking a turnaround from a quarter earlier, when the company recorded the first drop in the category in company history.
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