Alphabet Stock Rises on Earnings Beat

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Shares of Google-parent

Alphabet


were rising after the big technology firm reported better-than-expected earnings and announced an additional $70 billion in stock buybacks.

Alphabet said first-quarter earnings were $1.17 a share, compared to the consensus estimate of $1.08, according to FactSet. Revenue of $69.79 billion was ahead of expectations for $68.89 billion.

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