Google parent Alphabet reported $38.9B in revenue for the three months ending in June, above Wall Street's $38.2B projection. That number was up 19% from the same quarter a year earlier. Its stock jumped several percentage points in after-hours trading.
New York Any worries about slowing growth at Google parent Alphabet may have been premature, judging from its earnings for the last quarter. The company's stock jumped more than 7% in after-hours trading Thursday after Alphabet announced the results.
Alphabet reported $38.9 billion in revenue for the three months ending in June, above Wall Street's $38.2 billion projection. That number was up 19% from the same quarter a year earlier. The company also authorized a new $25 billion share buyback.Google expected to pay multimillion dollar penalty to settle investigation into how YouTube handles kids' dataAlphabet's previous quarter disappointed, as revenue increased by 17% from the prior year, missing Wall Street estimates.
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