India, July 23 -- Shares of Alphabet Inc. (GOOG) declined 7% on Thursday morning despite reporting sharply higher second-quarter revenue and earnings.
The stock is currently trading at $318.71, down $23.21 or 6.79%, on the Nasdaq. It opened at $321.67 after closing the previous session at $341.91. The stock has traded between $188.70 and $404.47 over the past 52 weeks.
Second-quarter revenue increased 24.2% to $119.80 billion from $96.43 billion a year earlier. Net income rose to $41.39 billion, or $3.31 per share, from $28.20 billion, or $2.31 per share, in the prior-year quarter.
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