Google parent Alphabet reported its 2017 second quarter earnings today after the closing bell. The company reported a 21% year-over-year increase in revenue from the $21.5 billion reported during last year’s second quarter. $25.1 billion flowed into the company’s coffers during the period from April through June. Earnings per share, at $5.01, topped Wall Street expectations of $4.49. Paid clicks rose 52%, but the cost per click dropped 23%. The Street was looking for a smaller 15% drop, which means that advertisers paid much less to advertise on Google than expected.
Also negatively affecting …