Alphabet stock soars 12% on Q1 earnings beat, first-ever dividend

) saw its shares pop more than 12% in after-hours trading Thursday after the Google owner reported better-than-expected top and bottom lines for the fiscal Q1 2024.

Operating income for the quarter increased by 46% year-over-year to $25.5 billion, while net income soared to $58 billion, or $1.89 per diluted share.

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