Alphabet reports revenue beat for first quarter

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WASHINGTON, DC - DECEMBER 11: Google CEO Sundar Pichai testifies before the House Judiciary Committee at the Rayburn House Office Building on December 11, 2018 in Washington, DC. (Photo by Alex Wong/Getty Images)

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Alphabet shares rose in extended trading on Tuesday after Google's parent reported first-quarter revenue that exceeded analysts' estimates.

Here are the key numbers:

Earnings: $1.17 adjustedRevenue: $69.79 billion vs $68.9 billion, according to Refinitiv.

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It is not immediately clear if the reported earnings are comparable to the Refinitiv analyst estimate of $1.07 per share.

YouTube advertising revenue: $6.69 vs. $6.6 billion,Â according to StreetAccount.Google Cloud revenue: $7.45 vs. $7.49 billion, according to StreetAccount.Traffic acquisition costs (TAC): $11.72 vs. $11.78 billion, according to StreetAccount.

The company also said its board authorized a $70 billion share buyback.

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