Google parent Alphabet quarterly revenue beats estimates

Google parent Alphabet Inc beat Wall Street estimates for first-quarter revenue on Tuesday, recording 13% growth even as companies drastically slashed spending during the coronavirus crisis.

Revenue rose to $41.2 billion from $36.34 billion a year-ago. (https://bit.ly/2Ylfuoh)

Analysts on average had expected revenue of $40.3 billion, according to IBES data from Refinitiv.