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Come for the comments about AI. Stay for the earnings call.
The headline numbers for Alphabet (GOOGL) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Microsoft's (MSFT) 3Q adjusted EPS came in at $2.94 versus an estimated $2.81 and revenue came in at $61.90B versus an estimated $60.63B. Alphabet's (GOOGL) 1Q adjusted EPS came in at $1.89 versus an estimated $1.50 and revenue came in at $80.54B versus an estimated $78.70B.
Alphabet (GOOG, GOOGL) shares surged in after-hours trading on Thursday after the tech giant delivered an earnings beat in the first quarter. Adding to the positive sentiment, the company announced a dividend of $0.20 per share and a share buyback plan.
Google parent Alphabet just announced a quarterly dividend — adding to the S&P 500. But don't get your hopes too high.
Alphabet is joining its tech peers like Microsoft, Apple, and Meta in the dividend club. Its $0.20 dividend is its first ever, and it also authorized an additional $70 billion in buybacks.
Google parent Alphabet (GOOGL) saw its shares jump over 14% in extended trading Thursday as the tech giant reported first-quarter results well above analysts' expectations, as well as plans to distribute its first-ever dividend.
Dan Ives, Wedbush Securities Managing Director, joins 'Closing Bell Overtime' to talk Alphabet earnings, the response to Big Tech earnings so far, what's ahead for the sector and more.
Google Cloud, Google's cloud computing division, had a blockbuster fiscal quarter, blowing past analysts' expectations and sending Google parent company Alphabet's stock soaring 13%+ in after-hours trading. Google Cloud revenue jumped 28% to $9.57 billion in Q1 2024, bolstered by the demand for generative AI tools that rely on cloud infrastructure, services and apps.
Alphabet Inc. reported first-quarter revenue that exceeded analysts' expectations, buoyed by growth in its cloud computing unit. The Google parent company also said it would pay a dividend of 20 cents a share and repurchase an additional $70 billion in stock.