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Alphabet market cap tops $2 trillion after earnings beat, dividend announcement [Yahoo! Finance]
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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US:NASDAQ Investor Relations: abc.xyz/investor
The board of directors also approved stock repurchases of up to an additional $70 billion. “Our results in the first quarter reflect strong performance from Search, YouTube and Cloud," said CEO Sundar Pichai in a statement on Thursday. "Our leadership in AI research and infrastructure, and our global product footprint, position us well for the next wave of AI innovation.” The company's market cap stood at $2.15 trillion in early afternoon trading on Friday. Alphabet stock was up roughly 10% during the session. Revenue, excluding traffic acquisition costs, rose 16% from the same period last year to $67.59 billion, beating analyst expectations of $66.07 billion, per Bloomberg data. The company reported adjusted earnings per share of $1.89 versus consensus estimates of $1.53. In artificial intelligence, Google has widely been seen as playing catch up to Microsoft ( MSFT ), which was among the first in the tech world to reap the cultural excitement around consumer AI chatbots. Mi
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