Google parent Alphabet (GOOG, GOOGL) reported second quarter earnings that beat analyst estimates on both the top and bottom lines. The company reported earnings per share of $1.89 versus an estimate of $1.84. Revenue of $84.74 billion topped estimates of $84.37 billion, while revenue ex-TAC of $71.36 billion was better than the Street's expectations of $70.7 billion.

In the individual units, Google Cloud and Google Ad revenue was better than expected, but YouTube ads revenue fell short.

Market Domination Overtime anchors Julie Hyman and Josh Lipton break down the tech giant's results.

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This post was written by Stephanie Mikulich.