Google parent Alphabet Inc. reported first-quarter revenue and profit that exceeded analysts’ expectations, buoyed by continued strength in its search advertising business.First-quarter sales, excluding partner payouts,

Google parent Alphabet reported first-quarter revenue and profit that beat analysts’ expectations, sending shares higher in extended trading Thursday.

(Reuters) -Google parent Alphabet unveiled a $70 billion share buyback and beat quarterly revenue estimates on Thursday, benefiting from steady growth in its digital advertising business, which helped offset muted growth at its cloud computing unit.