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Google Soars Toward Record $2 Trillion Valuation On Earnings [Forbes]
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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US:NASDAQ Investor Relations: abc.xyz/investor
Google CEO Sundar Pichai appears in February at an AI event. Alphabet shares soared more than 12% after Thursday's market close, indicating the company's market capitalization will jump by more than $200 billion to about $2.2 trillion when normal trading resumes Friday, setting the company up for its first-ever $2 trillion valuation. The massive surge came after Alphabet a first-quarter earnings report well above expectations: Its $80.5 billion in revenue and $1.89 earnings per share were well above respective analyst estimates of $78.8 billion and $1.51, according to FactSet. That's the company's best-ever quarterly profit thanks to the whopping 62% year-over-year growth, with overall net income climbing to nearly $24 billion. Surprising Fact The massive earnings expansion came as Alphabet trimmed its headcount from 191,000 during 2023's first quarter to 181,000 last quarter. Key Background The final quarter of 2023 was Alphabet's by profits and sales in its history. Thoug
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