Google parent Alphabet released its first-quarter earnings this afternoon and revenue rose 13% year-over-year to $41.2 billion. Net income rose 2.7% to $6.84 billion or $9.87 per share. Wall Street was expecting $10.35 a share. Google Search generated revenue of $24.5 billion for a gain of 11.6% while YouTube ad gross increased 33.5% to $4.04 billion. However, Google Chief Financial Officer Ruth Porat noted that YouTube's ad revenue growth started dropping off as the quarter came to an end.
Talking about Google in general Porat stated, "Performance was strong ...
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