UPDATE: Alfabit shares jump 10% after surpassing expected commercial results



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Mubasher: Alfapit jumped more than 10% at the end of the trading session on Friday, after the Google search engine owner Announces Business Results Exceeding Analysts' Expectations.

The increase in Alfabit shares would represent the largest daily gain in almost four years.

Earnings per share nearly tripled to $ 14.21 in June from $ 11.10 expected, according to quarterly results.

The stock benefited from Google's advertising revenue rebound, which reached $ 32.60 billion in the second quarter, compared to $ 28.08 billion in the same quarter last year.

At the end of the session, Alfabit grew 10.4 percent to $ 1,250.41.

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