Alphabet stocks rise after second-quarter profits exceed expectations

The sunny report establishes a continued rebound for the tech company after a difficult 2022 and thousands of job cutsAlphabet stocks rose in after-hours trading on Tuesday after the Google parent company’s second-quarter profits exceeded Wall Street expectations, amid a rebound in advertising dollars and the growing boom in artificial intelligence.The company reported net profits of $1.44 a share for the April-June period, compared with estimates of $1.34 a share. Revenue for the quarter