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Why Alphabet Stock Popped Today

TheMotleyFool

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Shares of Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) soared 10% today after the parent company of Google released exceptional second-quarter 2019 results and announced a massive $25 billion share repurchase plan.

Alphabet's quarterly revenue increased 19.3% year over year to $38.944 billion, accelerating from 16.7% growth in the first quarter, and -- keeping in mind the company doesn't provide specific financial guidance for analysts to follow -- handily beating estimates by nearly $800 million. Net income for the quarter climbed to $9.947 billion, or $14.21 per share, up nearly 21% year over year and arriving $2.88 per share ahead of expectations.

Image source: Alphabet.

Quelle Fool.com

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