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Alphabet Says Revenue up 20.2%, Sets $7B Share Buyback

Google parent Alphabet Inc reported a 20.2% rise in quarterly revenue on Thursday, helped by robust sales of advertising on mobile devices and YouTube, and the search giant said it would repurchase about $7 billion of its Class C stock.

Markets

Alphabet Says Revenue up 20.2%, Sets $7B Share Buyback

Google parent Alphabet Inc reported a 20.2% rise in quarterly revenue on Thursday, helped by robust sales of advertising on mobile devices and YouTube, and the search giant said it would repurchase about $7 billion of its Class C stock.

Markets

Stocks Mixed as Apple Shares Slip

Apple Inc's shares slipped as much as 4 percent after the company said it was struggling to keep up with demand for its large-screen, higher-margin iPhone 7 Plus, potentially reducing sales and profits in the Christmas shopping period.

Markets

Stocks Mixed as Apple Shares Slip

Apple Inc's shares slipped as much as 4 percent after the company said it was struggling to keep up with demand for its large-screen, higher-margin iPhone 7 Plus, potentially reducing sales and profits in the Christmas shopping period.