Posted on 04/26/2024 8:01:19 AM PDT by Bobbyvotes
Alphabet shares shot up Friday morning after the company posted better-than-expected first-quarter results and approved its first-ever dividend.
Alphabet shares shot up 10% Friday morning after the company posted better-than-expected first-quarter results and greenlit its first-ever dividend and a $70 billion buyback.
The company on Thursday reported revenue of $80.54 billion, a 15% increase from a year earlier and the fastest growth rate since early 2022, surpassing the $78.59 billion in sales expected by analysts polled by LSEG. Earnings of $1.89 per share eclipsed the $1.51 in earnings per share expected by Wall Street.
(Excerpt) Read more at cnbc.com ...
Alphabet CEO Sundar Pichai during the Google I/O developers conference in Mountain View, California, on May 10, 2023.
$70 billion buyback.
Then inflation and other things.
I bought GOOGL in October 2020 ($81.21/share)… up 111.68% now.
Glad to hear it will start paying a divvy.
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