MOUNTAIN VIEW, Calif. (AP) — MOUNTAIN VIEW, Calif. (AP) — Alphabet Inc. (GOOGL) on Thursday reported first-quarter profit of $34.54 billion.

The Mountain View, California-based company said it had profit of $2.81 per share.

The results surpassed Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of $2.02 per share.

The internet search leader posted revenue of $90.23 billion in the period. After subtracting Alphabet's advertising commissions, revenue was $76.49 billion, which also topped Street forecasts. Thirteen analysts surveyed by Zacks expected $75.53 billion.

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