) gained more than 11% in pre-market trading on Friday, following standout quarterly results that beat revenue and earnings estimates and stoked investor excitement with the announcement of a cash dividend program of $0.20 per share.“Our results in the first quarter reflect strong performance from Search, YouTube and Cloud," said CEO Sundar Pichai in a statement on Thursday.
Pichai said the company has clear paths to monetize AI breakthroughs through advertising, cloud, and subscriptions. Investors are also wary of the costs associated with AI versus the return. Alphabet's report arrived a day after its advertising rival and Big Tech peer Meta noted that expenses for the year are growing and that it will take some time before AI investments generate significant revenue. The comments helped send Meta shares tumbling more than 10%.Alphabet reported capital expenditures for the quarter of $12 billion, mostly tied to servers and data centers.
Toronto-Dominion Bank is one stock I reversed course on in a big way. The post TD Stock: Why I Reversed Course appeared first on The Motley Fool Canada.It paid off nicely to dump stocks nearly a year before the dot-com and housing bubbles burst, B. Riley's Paul Dietrich said.The company recently attempted to fend off short sellers by advising investors on ways to prevent their shares from being loaned for short-interest positions.
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »