Google-parent Alphabet is rising after its earnings report (GOOGL)

Alphabet reported first quarter earnings that beat analyst expectations on Monday.
The stock is surging after-hours. 
Follow Alphabet's stock price in real-time here. 
Shares of Alphabet, the parent company of Google, surged as much as 4% after the company reported first quarter earnings that beat expectations, but then quickly retreated back to gains of less than 1%. 
For the first quarter of 2018, the search engine giant posted adjusted earnings of $13.33 per share where analyst