Why Alphabet Stock Was Soaring Today [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
its first-quarter earnings report and declared a dividend for the first time in its history. As a result, the stock was up 10.1% as of 12:45 p.m. ET, and its market cap topped $2 trillion for the first time. Alphabet dazzles investors in Q1 Alphabet continued to rebound from the digital advertising lull in 2022 and 2023 as revenue rose 15% in the quarter to $80.5 billion, easily beating estimates at $78.6 billion. Growth was broad based as Google advertising revenue, which includes search, YouTube, and its third-party network ads, increased 13% to $61.7 billion, while Google Cloud revenue jumped 28% to $9.6 billion. Layoffs and other cost-cutting moves over the last year drove a significant improvement in margins as its operating margin expanded from 25% to 32%. That and a surge in other income from its unrealized gains in equity investments led to earnings per share jumping 62% to $1.89, which topped the consensus at $1.51. CEO Sundar Pichai talked up the company's prospe
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- 4/25/24 - Beat
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- 5/3/24 - Form 4
- GOOG's page on the SEC website