Stock market today: Alphabet and Microsoft help Wall Street clinch its best week in nearly 6 months [Los Angeles Times (CA)]
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: Los Angeles Times
The S&P 500 rallied 1% to finish its first winning week in the last four. The Dow Jones Industrial Average rose 153 points, or 0.4%, and the Nasdaq composite jumped 2%. Alphabet leaped 10.2% after breezing past analysts' expectations for profit last quarter. The parent company of Google also said it will start paying a dividend to investors and authorized a program to buy back up to $70 billion of its stock, a signal of how much cash it's generating. Microsoft, meanwhile, climbed 1.8% after reporting stronger profit and revenue than expected. It cited strong growth in its cloud-computing business as it pushes artificial-intelligence technology to its customers. They helped offset a 9.2% drop for Intel. It reported stronger profit for the latest quarter than expected, but its revenue fell short of analysts' estimates. So did its forecast for profit in the current quarter. Stocks have broadly been under pressure this month after hopes withered for multiple cuts to interest rate
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Earnings
- 4/25/24 - Beat
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Sec Filings
- 5/6/24 - Form PX14A6G
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- GOOG's page on the SEC website