Microsoft, Google and Snap report earnings
A view of the interior of Google's Bay View Campus in Mountain View, California, in May 2022. Peter DaSilva/ReutersGoogle-parent Alphabet reported strong revenue growth for the quarter ending in June, as its cloud computing business grows and its core digital advertising business stabilizes.Alphabet reported revenue of $74.6 billion, marking a 7% jump compared to last year and beating Wall Street’s estimates. The company also reported net profit of $18.4 billion, also beating analysts' estimates. Shares for Alphabet surged more than 7% in after-hours trading following the results. Google’s advertising business generated revenue of $58.14 billion, up from $56.29 billion in the prior year. Google’s lucrative Cloud business reported revenue of $8.03 billion, marking a nearly 28% jump compar...