Alphabet reports US$20.64-billion fourth-quarter profit

MOUNTAIN VIEW, Calif. (AP) _ Alphabet Inc. (GOOGL) on Tuesday reported fourth-quarter earnings of $20.64 billion.

The Mountain View, California-based company said it had net income of $30.69 per share.

The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $26.69 per share.

The internet search leader posted revenue of $75.33 billion in the period. After subtracting Alphabet’s advertising commissions, revenue was $61.9 billion, also topping Street forecasts. Eight analysts surveyed by Zacks expected $59.32 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GOOGL at https://www.zacks.com/ap/GOOGL