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Google shares leap as quarterly profit beats street

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Google shares leapt on Thursday after the Internet colossus reported quarterly earnings that beat Wall Street expectations.

Newly formed parent company Alphabet reported that Google profit in the recently ended quarter jumped 45 percent to $3.98 billion on revenue that was up 13 percent to $18.67 billion. Shares were up more than 10 percent $720.80 in after-market trades.

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