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Alphabet stock soars to potential record highs as Google earnings smash expectations

Alphabet Inc. shares soared to prices they have never reached in regular trading Monday in the extended session, as second-quarter earnings smashed expectations after accounting for a record antitrust fine out of Europe.

The Google parent company reported $3.2 billion in net income for the quarter, which works out to $4.54 a share, down from $5.01 a share a year ago, when the company also dealt with a big antitrust fine from the EU. Without the fine, Alphabet would have reported earnings of $11.75 a share, the company said, well higher than analysts’ average estimate of $9.64 a share, according to FactSet.

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