Alphabet Inc.’s earnings were a bit better than Wall Street had expected. But will that beat really matter for the company’s stock? Bernstein Research analyst Mark Shmulik said in a note to clients that Alphabet by most accounts,

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.

Alphabet (GOOG) released its first-quarter earnings yesterday, April 24, after the close of markets. The stock is trading higher today as the Google parent beat on both the top line and bottom line. In this article,