Google Q3 profit, sales top estimates, Sundar talks about machine learning

Home Business Google Q3 profit, sales top estimates, Sundar talks about machine learning Donald V. MorrisOct 23, 2015Business, Technology0 Like The strong growth, plus a cash balance of $72.8 billion, gave Google’s board enough confidence to authorize $5.1 billion in share buybacks, the first ever Google parent Alphabet Inc. sold more ads and kept costs under control, fueling better-than-projected sales and profit in the latest quarter. The strong growth, plus a cash balance of $72.8 billion, gave Google’s board enough confidence to authorize $5.1 billion in share buybacks, the first ever. The stock — which was already trading near a record after a recent surge — jumped as much as 11%. All this shows how chief executive officer Larry Page and new chief financial officer Ruth Porat are bringing more…


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