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Alphabet Earnings: GOOGL stock adds 10% on healthy margins, new dividend, $70 billion buyback scheme

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Alphabet (GOOGL), the parent of Google and YouTube, is clinging to a 10% gain midway through Friday after posting spectacular first-quarter results.

Alphabet reported Q1 earnings late Thursday that beat Wall Street estimates. YouTube advertising and the Cloud segment continue growing strong. Alphabet CEO Sundar Pichai introduces $0.20 cash dividend.

stock found support nearby $170 and has fought to a stalwart recovery. Even near all-time highs, the stock's price action looks strong.

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