How at googles parent alphabet. The company known for its Search Engine attracted advertisers to its products, especially its mobile products, and those ads attracted valuable clicks. Alphabet earned 8. 42 a share. That is a full 38 cents better than estimates and a 24 gain over last year. Revenues rose more than 20 to 21. 5 billion in the quarter eer. Investors liked the results sending shares higher in initial afterhours trading as you see right there. Josh lipton has the one key takeaway for investors. Josh . Reporter well, tyler, 15. 4 billion. That was one big number in this report, and first the revenue generated from google website was up about 25 . Neil doshey covers alphabet and says thats important because that includes some of the main sources of revenue for this company so google. Com, youtube, mobile apps. It just shows, he says, the strength that have ad business. Ill also point out, tyler, that heading into this print there was some concern about the impact of brexit on
The bounce back has been sharp and swift. Since the lows on february 11th, the major indices is up 7 or more and oil has gained 35 . Whats driving the rally, and has the market entered a new phase . Bob takes a look from the new york stock exchange. Reporter the market has entered a goldilocks window. The most Important Development is commodities have put in an intermediate term bottom. Iron ore has rallied dramatically in the last few days. This is positive implication for earning. Its good news for energy and material stock. They led the rally. Its also eased some of the worries the loans to banks have out to Energy Companies and its dramatically decrease worries about an out of control deflationary spiral. Its also helped greatly reduce the fears that some kind of global recession might be imminent. Thats led to a huge rally at emerging market economies with russia, brazil and south africa all up double digits in the last few days. The market has come to strongly anticipate that the