Tag GOOGL
A Detailed Look at Alphabet's Financial Performance and Strategic Initiatives...
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Rubrik comes out of the gate hot on its IPO day, selling a story of protecting data in the age of AI...
Continue ReadingGoogle stock soared after parent Alphabet reported first-quarter earnings and revenue that handily beat consensus estimates...
Continue ReadingAlphabet Inc. (NASDAQ:NASDAQ:GOOG) Q1 2024 Earnings Conference Call April 25, 2024 4:30 PM ETCompany ParticipantsJim Friedland - Director of Investor.....
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Update: Alphabet Q1 Earnings, Revenue Jump; Initiates Cash Dividend Program; Board Allows Buy Back of up to Additional $70 Billion -- Shares Surge After Hours...
Continue ReadingAlphabet (GOOG, GOOGL) shares surged in after-hours trading on Thursday after the tech giant delivered an earnings beat in the first quarter. Adding to the positive sentiment, the company announced a dividend of $0.20 per share and a share buyback plan. CFRA Research Senior Equity Analyst Angelo Zino joins Market Domination Overtime to provide insights into Alphabet's financial results. Zino commends both Alphabet's and Microsoft's (MSFT) cloud performance, describing the numbers as "absolutely fantastic." Regarding the dividend announcement, Zino suggests that Alphabet faced some pressure "to do the same" as many of its peers in the "Magnificent Seven" tech companies have been implementing dividend payouts and share buybacks. He refers to the dividend move as "a small little olive branch for investors." On the subject of artificial intelligence (AI), Zino cautions that investors should not expect "much in terms of product launches" during the earnings call. However, he advises keeping an eye on Google's upcoming I/O conference in May, where the tech giant is likely to provide commentary and unveil details about its AI offerings, including the latest on Google Gemini. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith...
Continue ReadingGoogle’s parent company soared past a $2 trillion valuation last night as the search engine giant said it would pay a dividend for the first time...
Continue ReadingWall Street stocks closed lower on Thursday as markets were stunned by data showing slower-than-expected U.S. economic growth and persistent inflation, coupled with a sell-off in large cap stocks triggered by disappointing results from Meta Platforms. Three other Magnificent Seven stocks, including Alphabet, Amazon.com and Microsoft, finished lower. However, shares of Alphabet and Microsoft were advancing in extended hours trading after both companies reported quarterly results that beat Wall Street estimates...
Continue ReadingGoogle’s corporate parent Alphabet Inc. on Thursday released a quarterly report showing it’s still reaping double-digit revenue gains from its digital advertising empire while sowing potentially lucrative new ground in artificial intelligence. The results for the first three months of the year provided the latest evidence that Google has regained its momentum after an unprecedented downturn in 2022 coming out of the pandemic. Alphabet punctuated its renewed vigor by also disclosing plans to begin paying shareholders a quarterly dividend for the first time since since Google went public 20 years ago...
Continue ReadingAlphabet shares were trading sharply higher late Thursday on strong March quarter financial results. For the quarter, the parent of Google and YouTube posted revenue of $80.5 billion, up 15% from the year-earlier period and well above Street consensus at $78.7 billion. Profits were $1.89 a share, blowing past the Street consensus as tracked by FactSet at $1.51 a share...
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