Alphabet Smashes Expectations, Announces $25 Billion Repurchase Plan

Shares of Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) were soaring more than 8% in after-hours trading Thursday -- and with good reason. Though we don't usually pay close attention to Wall Street's demands, the parent company of Google absolutely trounced estimates with its second-quarter 2019 report, driven largely by the strength of the internet search giant's core advertising business.

Oh, and Alphabet followed by authorizing a massive $25 billion (yes, with a "b") stock repurchase plan.

Let's take a closer look at what Alphabet had to say about its incredible quarter, as well as what investors should be watching in the coming months.

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