Alphabet now comes before Apple atop the list of the worlds most valuable companies.

Operating income from its core businesses rose 23% in 2015.

Investors liked what they saw and shares spiked 8% in after-hours trading.

Alphabet officially dethrones Apple as the world’s most valuable company

Earnings were $8.67 per share, beating estimates of $8.09 per share.

The company attributed its strong revenue growth to search ads, YouTube and programmatic advertising.

Alphabets core business looks very healthy, Josh Olson, an analyst at Edward Jones & Co., said.

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Thats going to build investors confidence about the other bets theyve been making.

Alphabet sales are estimated to climb 16 percent this year.

source: www.techworm.net