Skip to content
Subscriber Only

Alphabet Sales Top Analyst Estimates, Calming Growth Concern

  • Shares jump 11%, the biggest intraday gain since July 2015
  • Board approves largest stock buy back in company history
Video player cover image
Google's YouTube Headwinds Aren't a Concern, Analyst Colburn Says
Updated on

Alphabet Inc. shares jumped the most in four years after the internet giant reported revenue that beat Wall Street expectations, calming concern about slowing growth.

Second-quarter sales, excluding payments to partners, came in at $31.7 billion, Alphabet said in a statement. Analysts were looking for $30.8 billion, according to data compiled by Bloomberg.