Shares of Google parent Alphabet jump as advertising growth lifts revenue to over $90B
1. Alphabet announced a $70 billion share buyback program. 2. Quarterly revenue exceeded expectations at $90.23 billion. 3. Digital ad business revenue rose 8.5%, outpacing expectations. 4. Google Cloud saw a 28% revenue increase but slowed growth. 5. Shares jumped 6% in after-hours trading following the news.