Alphabet's Q1 earnings soar company's revenue exceeded expectations and grew by 12% year-over-year, with consolidated revenues of $90.2 billion.

Alphabet brought in $90.2 billion of revenue in Q1, topping consensus analyst estimates of $89.2 billion, and $2.81 diluted earnings per share ($34.5 billion net income), smashing forecasts of $2.01 EPS ($24.8 billion net income), according to FactSet.