According to Business Insider, Alphabet's second quarter earnings report beat analyst expectations.<br />Posted after the closing bell on Wall Street, Alphabet shares spiked over 5-percent in after-hours trading due to the positive earnings report.<br />Before adjustments, Alphabet recorded earnings of $11.75 per share, bet their adjusted earnings of $10.58 beat analyst expectations by $1.<br />Alphabet also reported a total revenue of $26.24 billion, while analysts expected them to report $25.55 billion.<br />But most of that revenue came from Google's advertising business. <br />