Alphabet, formerly Google, posts better-than-expected results

October 22, 2015 8:20 PM

40 0

Alphabet, formerly Google, posts better-than-expected results

Alphabet Inc, known until recently as Google Inc, reported better-than-expected revenue and profit in the third quarter, boosted by strong advertising sales driven by YouTube and mobile search.

Alphabet, whose shares were up 10 percent in after-hours trading on Thursday, said its board has authorized a stock buyback of up to $5.09 billion of Class C shares.

Also read: Toshiba to Raise $5.3 Billion in Sale of New Shares to Foreign Funds

Read more

To category page

Loading...