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Stock impact report

Alphabet Shares Jump on Google Cloud, YouTube Expansion [Yahoo! Finance News]

Alphabet Inc. - Class C Capital Stock (GOOG) 
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
) -- Alphabet Inc. shares surged after first-quarter results and upbeat executive comments showed the company’s cloud and YouTube businesses kept growing in the midst of the Covid-19 pandemic.Sales came in at $33.71 billion, up 14% from a year ago and ahead of Wall Street estimates. YouTube revenue jumped 33.5%, while Google Cloud’s top line soared 52%.“Results came out better than the market expected, with strong metrics in Google Cloud and YouTube,” Jason Bazinet, an analyst at Citigroup, wrote in a note to investors.The world’s largest internet company has been trying to diversify away from search advertising for years by investing heavily in cloud services, digital video, consumer hardware and riskier long-term bets such as driverless cars. The first quarter showed progress in several of these areas, even as Google’s main ad business suffered from virus-fueled cuts in marketing spending in March.Chief Executive Officer Sundar Pichai said the cloud business was still strong, even i Show less Read more
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