Alphabet stock surges on earnings beat, dividend announcement

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 52 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 41%
  • Publisher: 63%

Google Search Notícia

Sundar Pichai,Google,Earnings Per Share

Alphabet reported Q1 earnings on Thursday that beat estimates. The company also announced its first-ever dividend.

) 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.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 47. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Alphabet earnings preview: All eyes on AI investments, ad market growth as Meta disappointsAlphabet stock has gained about 15% this year — but even tech's winners face high expectations from investors this earnings season.
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »