Summary: Google's parent company Alphabet has reported its first quarterly decline in revenue in the company's history. The company's second quarter report showed its revenue has declined by 2%, but the Alphabet still performed better than expected for the quarter.  Alphabet's stock price increased after the report was released and is currently up 14.86% and trading ...

Google's parent company Alphabet has reported its first quarterly decline in revenue in the company's history.

The company's second quarter report showed its revenue has declined by 2%, but the Alphabet still performed better than expected for the quarter. 

Alphabet's stock price increased after the report was released and is currently up 14.86% and trading at $1,538. 

By Emily Mason