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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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlphabet sets profit record, plans $50 billion buyback\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-28 09:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/technology/google-parent-alphabet-beats-sales-estimates-ad-spending-soars-2021-04-27/><strong>reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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...</p>\n\n<a href=\"https://www.reuters.com/technology/google-parent-alphabet-beats-sales-estimates-ad-spending-soars-2021-04-27/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GOOGL","symbol_name":"谷歌A","start_time":0,"source_url":"https://www.reuters.com/technology/google-parent-alphabet-beats-sales-estimates-ad-spending-soars-2021-04-27/","article_id":"1139347308","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1139347308","pubTimestamp":1619571941,"columns":[],"sourceInfo":null,"weMediaInfo":null,"summary":"Google parent Alphabet Inc(GOOGL.O)on Tuesday reported record profit for the second consecutive quar","collect":0,"end_time":0,"defaultTopTitle":"reuters.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GOOGL":"谷歌A"},"translate_title":"谷歌A创利润纪录，计划500亿美元回购","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GOOGL":0.9},"content_text":"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 slow as people resume in-person activities.With online consumer activity remaining elevated in the first quarter, Alphabet beat analysts' revenue estimates and nearly surpassed the sales record it set in the fourth quarter.Google ad sales jumped 32% in the first quarter compared with a year ago, above expectations of analysts tracked by Refinitiv. 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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. Revenue benefited by an unspecified amount from Google's acquisition of smartwatch maker Fitbit in January.Alphabet's quarterly profit was $17.9 billion, or $26.29 per share, beating estimates of $15.88 per share and topping its previous-high of $15.2 billion last quarter.But nearly $4 billion of earnings came from unrealized gains in venture capital investments and recalculating depreciation of some data center equipment.The high sales pushed operating margins up to 30% for the first time since incorporating as Alphabet in 2015 even as its costs began to pick up again for hiring, legal matters and building out new facilities. Alphabet in 2020 suffered its slowest sales growth in 11 years but posted record profit and boosted its cash hoard by $17 billion after slowing hiring and construction.The share repurchase authorization by Alphabet's board follows a $25 billion buyback program announced in 2019. 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. Shares of top rival Facebook Inc(FB.O), which had been up 62% during the last year entering Tuesday, rose 1.7% after hours.Though several concerns about Google's long-term prospects have emerged in recent years, none have significantly affected sales.Resolution likely remains years away in privacy and antitrust lawsuits against Google that could result in changes to its ad operations.Discussions about changing U.S. and European laws to impose new oversight on Google, Facebook and other companies, especially regarding privacy and artificial intelligence, have lagged as legislators have been distracted by the pandemic.Still, issues continue to emerge. On Monday, streaming TV technology company Roku Inc(ROKU.O)accused Google of engaging in anticompetitive behavior to benefit its YouTube and hardware businesses. YouTube called them \"baseless claims.\"","kind":"news","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,"idStr":"3572866150582582","authorIdStr":"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,"idStr":"3581569963360395","authorIdStr":"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,"repost":{"id":"1139347308","kind":"news","pubTimestamp":1619571941,"share":"https://ttm.financial/m/news/1139347308?lang=&edition=fundamental","pubTime":"2021-04-28 09:05","market":"us","language":"en","title":"Alphabet sets profit record, plans $50 billion buyback","url":"https://stock-news.laohu8.com/highlight/detail?id=1139347308","media":"reuters","summary":"Google parent Alphabet Inc(GOOGL.O)on Tuesday reported record profit for the second consecutive quar","content":"<p>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 slow as people resume in-person activities.</p><p>With online consumer activity remaining elevated in the first quarter, Alphabet beat analysts' revenue estimates and nearly surpassed the sales record it set in the fourth quarter.</p><p>Google ad sales jumped 32% in the first quarter compared with a year ago, above expectations of analysts tracked by Refinitiv. Cloud sales increased 45.7%, in line with estimates.</p><p>Alphabet shares rose about 4.3% to $2,390.10 in extended trading.</p><p>The results provided the first sign that Google services such as search and YouTube may hold on to gains made since lockdowns and other pandemic restrictions forced people to shop and communicate online over the last year.</p><p>About 17% of people in the United States, Alphabet's top region by revenue, were fully vaccinated against COVID-19 by the end of the first quarter. 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.</p><p>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.\"</p><p>(Graphic link:https://tmsnrt.rs/3sT6sKO)</p><p>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.</p><p>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. Revenue benefited by an unspecified amount from Google's acquisition of smartwatch maker Fitbit in January.</p><p>Alphabet's quarterly profit was $17.9 billion, or $26.29 per share, beating estimates of $15.88 per share and topping its previous-high of $15.2 billion last quarter.</p><p>But nearly $4 billion of earnings came from unrealized gains in venture capital investments and recalculating depreciation of some data center equipment.</p><p>The high sales pushed operating margins up to 30% for the first time since incorporating as Alphabet in 2015 even as its costs began to pick up again for hiring, legal matters and building out new facilities. Alphabet in 2020 suffered its slowest sales growth in 11 years but posted record profit and boosted its cash hoard by $17 billion after slowing hiring and construction.</p><p>The share repurchase authorization by Alphabet's board follows a $25 billion buyback program announced in 2019. Jefferies analyst Brent Thill estimated Alphabet now has $56 billion left to spend buying its shares.</p><p>AD REBOUND</p><p>Google's ad business, the global market leader as measured in sales, accounted for 81% of Alphabet's first-quarter revenue.</p><p>Schindler said retail, technology and consumer product companies were among big search advertisers in the quarter.</p><p>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.</p><p>Shares of Alphabet, 184th among companies in the S&amp;P 500(.SPX)index, have surged 80% in the last year. Shares of top rival Facebook Inc(FB.O), which had been up 62% during the last year entering Tuesday, rose 1.7% after hours.</p><p>Though several concerns about Google's long-term prospects have emerged in recent years, none have significantly affected sales.</p><p>Resolution likely remains years away in privacy and antitrust lawsuits against Google that could result in changes to its ad operations.</p><p>Discussions about changing U.S. and European laws to impose new oversight on Google, Facebook and other companies, especially regarding privacy and artificial intelligence, have lagged as legislators have been distracted by the pandemic.</p><p>Still, issues continue to emerge. On Monday, streaming TV technology company Roku Inc(ROKU.O)accused Google of engaging in anticompetitive behavior to benefit its YouTube and hardware businesses. YouTube called them \"baseless claims.\"</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alphabet sets profit record, plans $50 billion buyback</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlphabet sets profit record, plans $50 billion buyback\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-28 09:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/technology/google-parent-alphabet-beats-sales-estimates-ad-spending-soars-2021-04-27/><strong>reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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...</p>\n\n<a href=\"https://www.reuters.com/technology/google-parent-alphabet-beats-sales-estimates-ad-spending-soars-2021-04-27/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOGL":"谷歌A"},"source_url":"https://www.reuters.com/technology/google-parent-alphabet-beats-sales-estimates-ad-spending-soars-2021-04-27/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139347308","content_text":"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 slow as people resume in-person activities.With online consumer activity remaining elevated in the first quarter, Alphabet beat analysts' revenue estimates and nearly surpassed the sales record it set in the fourth quarter.Google ad sales jumped 32% in the first quarter compared with a year ago, above expectations of analysts tracked by Refinitiv. Cloud sales increased 45.7%, in line with estimates.Alphabet shares rose about 4.3% to $2,390.10 in extended trading.The results provided the first sign that Google services such as search and YouTube may hold on to gains made since lockdowns and other pandemic restrictions forced people to shop and communicate online over the last year.About 17% of people in the United States, Alphabet's top region by revenue, were fully vaccinated against COVID-19 by the end of the first quarter. 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. Revenue benefited by an unspecified amount from Google's acquisition of smartwatch maker Fitbit in January.Alphabet's quarterly profit was $17.9 billion, or $26.29 per share, beating estimates of $15.88 per share and topping its previous-high of $15.2 billion last quarter.But nearly $4 billion of earnings came from unrealized gains in venture capital investments and recalculating depreciation of some data center equipment.The high sales pushed operating margins up to 30% for the first time since incorporating as Alphabet in 2015 even as its costs began to pick up again for hiring, legal matters and building out new facilities. Alphabet in 2020 suffered its slowest sales growth in 11 years but posted record profit and boosted its cash hoard by $17 billion after slowing hiring and construction.The share repurchase authorization by Alphabet's board follows a $25 billion buyback program announced in 2019. 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. Shares of top rival Facebook Inc(FB.O), which had been up 62% during the last year entering Tuesday, rose 1.7% after hours.Though several concerns about Google's long-term prospects have emerged in recent years, none have significantly affected sales.Resolution likely remains years away in privacy and antitrust lawsuits against Google that could result in changes to its ad operations.Discussions about changing U.S. and European laws to impose new oversight on Google, Facebook and other companies, especially regarding privacy and artificial intelligence, have lagged as legislators have been distracted by the pandemic.Still, issues continue to emerge. On Monday, streaming TV technology company Roku Inc(ROKU.O)accused Google of engaging in anticompetitive behavior to benefit its YouTube and hardware businesses. YouTube called them \"baseless claims.\"","news_type":1},"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":"4.29.3","shortVersion":"4.29.3","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"}