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More Squawk From Jim Cramer: Alphabet (GOOGL) Reported 'Incredible' Mobile Growth

NEW YORK (TheStreet) -- Shares of Alphabet (GOOGL) are soaring 4.34% to $799.06 in Friday morning trading after the Google parent company reported 2016 second quarter earnings and revenue that topped analysts' estimates.

Alphabet CFO Ruth Porat said the company's 21% surge in total revenue to $21.3 billion "reflects substantial strength in mobile search, due to the ongoing benefit from the improvement in ad formats and delivery that we launched in the third quarter of last year."

The company's strength...