Alphabet the new parent company of Google, has reported profits up approximately 50% for the 3rd quarter.
Net
income was $3.98bn, up from $2.74bn for the similar quarter last year.
Google's
profits were $18.7 (£12.1bn) compared with $16.5bn.
Growth
came mainly from mobile searches and YouTube users.
In
August, the company produced Alphabet as the new parent company of Google and
its other diverse businesses.
In
January, Alphabet will report Google's economic numbers separately from the
other businesses, which include experiments with self-driving cars, investing
in startups, making Internet-connected thermostats and searching for cures to
health problems.
The
break out of Google's statistics are expected to reveal how much money Google
would have made if it had not diverted money into chief executive Larry Page's
so-called ``moon shots".
Alphabet
shares were up 11% to $722.53 in afterhours trading - a record, boosted by news
of a large share buyback, which will means fewer investors in future who will
therefore take a higher portion of any dividend payout.