Alphabet reported a massive quarter on Thursday, with $18.7 billion in gross revenue and earnings of $7.35 per share. That earnings number beat analysts’ expectations for $7.21 per share. The company also announced that it will undertake a monster $5 billion stock buyback starting in the fourth quarter. And all of that sent shares up soaring 11% in after-hours trading. Wall Street analysts covering Google, which is now called Alphabet, are loving the news. Out of the 14 research notes read by Business Insider, all 14 had a “buy” or “outperform” or “overweight” ratings on the stock. No …read more
Source: Business Insider
