Google parent Alphabet's Q1 profits beat estimates: company [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
Alphabet reported profit of $23.7 billion on revenue of $80.5 billion, crediting growth in cloud computing, YouTube, and online search advertising. Alphabet chief executive Sundar Pichai credited artificial intelligence with helping drive the Silicon Valley tech giant's business. "We are well under way with our Gemini era and there's great momentum across the company," Pichai said, referring to an AI model that powers services across the Google platform. "Our leadership in AI research and infrastructure, and our global product footprint, position us well for the next wave of AI innovation." Alphabet shares that ended the formal trading day down slightly leapt more than 12 percent to $177 in after-market trades that followed release of the earnings figures. Google ads brought in a total of $61.7 billion in the quarter, compared with $54.5 billion in the same period the prior year, according to the earnings report. Ads served up at YouTube accounted for $8 billion in revenu
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GOOG
Earnings
- 4/25/24 - Beat
GOOG
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- GOOG's page on the SEC website