MOUNTAIN VIEW, Calif. (AP) — MOUNTAIN VIEW, Calif. (AP) — Alphabet Inc. (GOOGL) on Wednesday reported fourth-quarter earnings of $34.46 billion.

The Mountain View, California-based company said it had net income of $2.82 per share.

The results exceeded Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of $2.57 per share.

The internet search leader posted revenue of $113.83 billion in the period. After subtracting Alphabet’s advertising commissions, revenue was $97.23 billion, also exceeding Street forecasts. Eleven analysts surveyed by Zacks expected $94.79 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GOOGL at https://www.zacks.com/ap/GOOGL