Alphabet sets profit record, plans $50 billion buyback

reuters2021-04-28

Google parent Alphabet Inc(GOOGL.O)on Tuesday reported record profit for the second consecutive quarter and a $50 billion share buyback but warned a surge in usage and ad sales during the pandemic may...

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Darrenneoyo
2021-04-28
Darrenneoyo
Wow
JamesBond200
2021-04-28
JamesBond200
strong moat with consistent earning

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Activities including in-person dining resumed in big cities in March, and security screenings at U.S. airports had their busiest day in a year.But Alphabet Chief Financial Officer Ruth Porat told analysts on Tuesday, \"it's too early to forecast the extent to which these changes in consumer behavior and advertising spend will endure.\"(Graphic link:https://tmsnrt.rs/3sT6sKO)Google Chief Business Officer Philipp Schindler and Porat declined to comment on whether Google had seen a recovery in spending by travel and other industries that were major customers before the pandemic.Alphabet's overall quarterly sales rose 34% to $55.3 billion, above analysts' estimate of 26% growth from a year ago and close to the $56.9 billion it reported in the fourth quarter. 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Jefferies analyst Brent Thill estimated Alphabet now has $56 billion left to spend buying its shares.AD REBOUNDGoogle's ad business, the global market leader as measured in sales, accounted for 81% of Alphabet's first-quarter revenue.Schindler said retail, technology and consumer product companies were among big search advertisers in the quarter.Google Cloud, a distant rival to the cloud businesses of Amazon.com Inc(AMZN.O)and Microsoft Corp(MSFT.O), narrowed its operating loss to 44% to $974 million in the first quarter. But Porat told analysts not to glean too much from the drop because one-time factors, including the depreciation, were at play.Shares of Alphabet, 184th among companies in the S&P 500(.SPX)index, have surged 80% in the last year. 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YouTube called them \"baseless claims.\"","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":100968182,"gmtCreate":1619574927646,"gmtModify":1704726180130,"author":{"id":"3572866150582582","authorId":"3572866150582582","name":"Darrenneoyo","avatar":"https://static.tigerbbs.com/19498d498955308da03ff537c16af7b0","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":5,"crmLevelSwitch":1,"authorIdStr":"3572866150582582","idStr":"3572866150582582"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/100968182","repostId":1139347308,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":100908863,"gmtCreate":1619572165852,"gmtModify":1704726112896,"author":{"id":"3581569963360395","authorId":"3581569963360395","name":"JamesBond200","avatar":"https://static.tigerbbs.com/c9b46a132f79cf6584ec6b631b64868a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581569963360395","idStr":"3581569963360395"},"htmlText":"strong moat with consistent earning","listText":"strong moat with consistent earning","text":"strong moat with consistent earning","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/100908863","repostId":1139347308,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":11,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1139347308"}