Alphabet soars most since 2015 on strong earnings, first dividend and $70 billion buyback
Publishing timestamp: 2024-04-26 12:50:56
Summary
Alphabet shares surged after posting better-than-expected first-quarter results and announcing its first-ever dividend and buyback. Revenue and earnings exceeded expectations, with strong performance in YouTube advertising and Google Cloud. Analysts praised the company's growth, efficiency, and capital returns, with several raising their price targets for the stock.
Sentiment: POSITIVE
Tickers: GOOGL,
Keywords: business, alphabet inc, business news, technology, artificial intelligence, breaking news: technology,