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Alphabet stock soars: Q3 2015 Google earnings show $18.7 billion revenue, $5 billion in buybacks planned [Livestream]

Q3 2015 Earnings Call - YouTube 2015-10-22 15-23-06

Alphabet has today — for the very first time since the company’s major restructuring earlier this year — posted Google’s earnings for Q2 2015. The company reports revenue of $18.7 billion, which is up 13%. Net income for Q3 2015 was $3.97 billion. More importantly, Google is initiating its first buyback program, planning to buy $5,099,019,513.59 of its Class C capital stock.

Meanwhile, Alphabet stock is soaring.

goog - Google Search 2015-10-22 15-17-46  Expand