Google parent Alphabet buys back stock, extends dividend in earnings beat

Google parent Alphabet said it would buy back $70 billion worth of shares and increase its dividend by 5% as it reported first-quarter earnings above Wall Street expectations on Thursday. Shares jumped 4% in extended trading, adding about$ 75 billion to the company's market value.Alphabet beat quarterly revenue estimates, benefiting from steady growth in its digital advertising business, which helped offset muted growth at its cloud computing unit. 3M BEATS FIRST-QUARTER ESTIMATES, FLAGS POTENTIAL TARIFF HI ...