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Stockreport

Google surges after buying back billions of dollars of its own stock [CNN]

Alphabet Inc. - Class C Capital Stock (GOOG)  More Company Research Source: CNN
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
New York CNN — The tech giant announced its first quarterly cash dividend, saying it will pay $0.20 per share on June 17 to shareholders of record as of June 10, as well as a $70 billion share buyback. Buybacks and dividends help to boost stock prices by rewarding investors with cash just for holding the stock — but they're widely criticized for artificially inflating the stock price without spending on employees or improvements to the underlying business. Google's stock jumped as much as 13% in after-hours trading following the report. The announcement came as part of Google's earnings report for the first three months of the year, in which it also reported that it exceeded Wall Street analysts' expectations for both sales and profits. Revenue from the quarter reached more than $80.5 billion, up 15% from the same period in the prior year and ahead of the $78.75 billion analysts had projected, according to FactSet estimates. The company also reported 57% year-over-year grow [Read more]
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Stockreport

Google surges after buying back billions of dollars of its own stock [CNN]

Alphabet Inc. - Class C Capital Stock  (GOOG) 
More Company Research Source: CNN
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
New York CNN — The tech giant announced its first quarterly cash dividend, saying it will pay $0.20 per share on June 17 to shareholders of record as of June 10, as well as a $70 billion share buyback. Buybacks and dividends help to boost stock prices by rewarding investors with cash just for holding the stock — but they're widely criticized for artificially inflating the stock price without spending on employees or improvements to the underlying business. Google's stock jumped as much as 13% in after-hours trading following the report. The announcement came as part of Google's earnings report for the first three months of the year, in which it also reported that it exceeded Wall Street analysts' expectations for both sales and profits. Revenue from the quarter reached more than $80.5 billion, up 15% from the same period in the prior year and ahead of the $78.75 billion analysts had projected, according to FactSet estimates. The company also reported 57% year-over-year grow [Read more]
IMPACT SNAPSHOT
EVENT TIME:
GOOG
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Price Change
Price Change %
Volume Shares
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Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
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High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
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%
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%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS