Alphabet revenue beats Wall Street view, shares rise

Alphabet Inc , Google's parent, posted a 21.3 percent increase in second-quarter revenue, exceeding analysts' expectations, driven by strong advertising sales on mobile devices and for video content. The strong revenue growth suggests that Google is successfully navigating the transition to mobile, said Colin Gillis, an analyst with BGC Partners. Advertisers typically pay less for user clicks on mobile ads than on desktop ads, Google's traditional strength, but the strong earnings performance su