Analysts unveil Google parent Alphabet stock price targets after earnings [Yahoo! Finance]
Alphabet Inc. - Class C Capital Stock (GOOG)
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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Source: Yahoo! Finance
"We've been an AI-first company since 2016, pioneering many of the modern breakthroughs that power AI progress, for us and the industry," the search engine giant's CEO told analysts during the company's earnings call. Related: Analysts reset Facebook-parent Meta stock price targets amid post-earnings plunge Those AI efforts are paying off. Alphabet reported first-quarter earnings of $1.89 per share, up from $1.17 a year ago, and handily beating the FactSet consensus of $1.51 per share. Revenue totaled $80.5 billion, up from $69.8 billion a year ago, surpassing FactSet's call for $78.74 in sales. "It was a great quarter, led by strong performance from Search, YouTube and Cloud," Pichai said. The company also approved its first-ever dividend and announced a $70 billion stock buyback. "We have the best infrastructure for the AI era," Pichai said. "Building world-leading infrastructure is in our DNA, starting in our earliest days when we had to design purpose-built hardware t
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- 5/15/24 - Form 144
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