Google parent Alphabet beats quarterly revenue estimates


FILE PHOTO: A man walks past a logo of Alphabet Inc's Google in front of at an office building in Zurich, Switzerland July 1, 2020. REUTERS/Arnd Wiegmann

(Reuters) - Google parent Alphabet Inc beat analysts' estimates for quarterly revenue on Tuesday, powered by a surge in advertising spending amid more consumers shopping online.

Revenue of the internet's biggest supplier of search and video ads rose to $61.88 billion in the second quarter from $38.30 billion a year earlier, well above Wall Street estimates of $56.16 billion, according to IBES data from Refinitiv.

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