As a result, the stock was up 10.1% as of 12:45 p.m. ET, and its market cap topped $2 trillion for the first time. Alphabet continued to rebound from the digital advertising lull in 2022 and 2023 as revenue rose 15% in the quarter to $80.
Wall Street's main indexes advanced on Friday as most megacap growth stocks rose after robust quarterly results from Alphabet pushed its market value over $2 trillion, while an in-line inflation reading calmed interest rate jitters.
Alphabet shares shot up Friday after the company posted better-than-expected first-quarter results and greenlit its first-ever dividend along with a buyback.
Stock prices for Alphabet and Microsoft rose after reporting better-than-expected Q1 results. The companies are seeing more demand for their generative AI services.
Alphabet jumped 11.5% in premarket trading after the Google-parent announced its first-ever dividend, a $70 billion stock buyback and beat estimates for first-quarter results. Lifting sentiment further,
Google parent company Alphabet joined a handful of rival tech giants paying dividends, announcing its first-ever planned payout during its latest quarterly results, which were dri
Google's parent company, Alphabet, reported first-quarter earnings that beat analyst estimates for revenue and earnings per share. Google's revenue was over $80 billion versus estimates of about $78 billion.
Long nagged by Wall Street to become more shareholder-friendly in their capital allocation program, Alphabet this afternoon said it will start paying a quarterly dividend of 20 cents a share. The first payment will be paid on June 17 to holders of record on June 10.
Alphabet ’s GOOGL first-quarter 2024 earnings of $1.89 per share beat the Zacks Consensus Estimate by 26.8%. The figure grew 61.5% year over year. Revenues of $80.54 billion increased 15% year over year (16% at constant currency).