Google parent Alphabet beats profit estimates on ad sales surge

Alphabet Inc beat Wall Street estimates for second quarter profit on Monday as it benefited from soaring sales of online advertisements, sending shares 6 percent higher in trading after the bell.

The company posted adjusted earnings of $10.58 per share, excluding the impact of equity investments and European antitrust regulators` record $5 billion fine for abusing its dominance in mobile software. Google is appealing the ruling.

When including the fine, second-quarter net income fell to $3.20 billion, or $4.54 per Class A and B common share and Class C capital share, from $3.52 billion, or $5.01 per share, a year earlier.

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Revenue jumped to $32.66 billion from $26.01 billion. Analysts on average had expected revenue of $32.17 billion and earnings of $9.52 per share, according to Thomson Reuters.