Shares of Google surged more than 8% after the Alphabet-owned company surpassed analyst estimates and announced a $25 billion share buyback program. Analysts were particularly worried the tech behemoth's ad business would continue to decline, but Google reported 19% ad revenue growth, blowing past the 15% estimate. Watch Google trade live here. Google shares rose about 8% in post-market trading after blowing past analyst expectations and announcing a $25 billion share buyback.
Shares of Google surged more than 8% after the Alphabet-owned company surpassed analyst estimates and announced a $25 billion share buyback program. Analysts were particularly worried the tech behemoth's ad business would continue to decline, but Google reported 19% ad revenue growth, blowing past the 15% estimate. Watch Google trade live here. Google shares rose about 8% in post-market trading after blowing past analyst expectations and announcing a $25 billion share buyback.
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Ahhhhh. And there it is. Buybacks. Want to grown your company? Do buybacks....said no one ever!
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