News Formal

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

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 8 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Media News

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: CNBC - 🏆 12. / 72 Read more »

10 analysts discuss Meta Platforms stock after earnings selloff10 analysts discuss Meta Platforms stock after earnings selloff
Source: Investingcom - 🏆 450. / 53 Read more »