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

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Technical Analysis,Newstrading

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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 /  🏆 14. in İR
 

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Alphabet soars 10% on strong earnings, first-ever dividend, $70 billion buybackAlphabet shares shot up Friday after the company posted better-than-expected first-quarter results and greenlit its first-ever dividend along with a $70 billion buyback.
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