_google-parent-alphabet-announces-3670-billion-stock-buyback-program-after-stellar-q1-results.jpg "Google Parent Alphabet Announces $70 Billion Stock Buyback Program After Stellar Q1 Results from march 24 2020 stock market Video Screenshot Preview")
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✓ Published: 27-Apr-2024
👁 View: 910K times
✓ Published: 27-Apr-2024
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Google's parent company, Alphabet, reported first-quarter earnings that beat analyst estimates for revenue and earnings per share. Google's revenue was over $80 billion versus estimates of about $78 billion. EPS was $1.89 versus estimates of $1.51. YouTube and Cloud revenues also beat estimates, with YouTube at over $8 billion and Cloud at over $9 billion. Google announced a $70 billion stock buyback program. Google stock jumped over 13% in after-hours trading on the strong results.
Google's parent company, Alphabet, reported first-quarter earnings that beat analyst estimates for revenue and earnings per share. Google's revenue was over $80 billion versus estimates of about $78 billion. EPS was $1.89 versus estimates of $1.51. YouTube and Cloud revenues also beat estimates, with YouTube at over $8 billion and Cloud at over $9 billion. Google announced a $70 billion stock buyback program. Google stock jumped over 13% in after-hours trading on the strong results.
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