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
Key takeaways from General Mills’ Q3 2023 earnings report
Shares of General Mills Inc. (NYSE: GIS) were up nearly 3% on Thursday after the company delivered better-than-expected results for the third quarter of 2023 and raised its full-year guidance
FIVE Stock: Five Below is likely to continue the good show this year
For Five Below Inc. (NASDAQ: FIVE), the holiday season was more rewarding than expected as the high inflation and stressed personal finances made customers seek value. Earlier, the discount store
Earnings: Chewy (CHWY) swings to profit in Q4 on higher revenues
Chewy Inc. (NYSE: CHWY) has reported higher sales for the fourth quarter of 2022. Reflecting the strong top-line growth, the pet food company turned to profit from a loss last
