Categories AlphaGraphs, Earnings, Technology
Alphabet (GOOGL/GOOG) Q1 earnings beat as revenues jump 34%
Alphabet Inc. (NASDAQ: GOOGL, GOOG), the parent of internet search platform Google, reported a 34% growth in first-quarter revenues, mainly reflecting the continued strength of its search business. The results also topped the Street view.
First-quarter revenues climbed 34% annually to $55.3 billion. Revenue from Google, the largest segment, increased by 34%. Analysts were looking for a slower top-line growth.
The company said net income for the three-month period rose to $17.93 billion or $26.29 per share from $6.84 billion or $9.87 per share in the corresponding period of last year. Earnings also exceeded the consensus estimates.
Read management/analysts’ comments on Alphabet’s Q1 report
Alphabet’s stock set a new record this week. It closed Tuesday’s regular trading lower but bounced back in the after-hours, immediately after the earnings announcement.
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
CVX Earnings: Chevron reports lower revenue and profit for Q1 2024
Energy exploration company Chevron Corporation (NYSE: CVX) announced first-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation was $5.50 billion or
ABBV Earnings: AbbVie reports lower adj. profit for Q1 2024; revenue edges up
Specialty biopharmaceutical company AbbVie, Inc. (NYSE: ABBV) Friday announced first-quarter 2024 financial results, reporting a decline in adjusted earnings and a modest rise in revenues. The company reported worldwide net
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q1 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported first quarter 2024 earnings results today. Net sales increased 6.2% year-over-year to $5.06 billion. Organic sales increased 9.8%. Net income attributable to Colgate-Palmolive Company was