BUZZ-Alphabet spikes on first-ever dividend, Q1 results beat

Reuters04-26

** Google-parent Alphabet shares jump 11% to $173.40 premarket

** If gains hold, GOOGL set to top $2 trln market cap

** Announces first-ever dividend of 20 cents/shr, $70-bln stock buyback

** Posts Q1 sales, profit and advertising above estimates

** Co, Microsoft show investors heavy AI investment can pay off with rising revenue, allaying concerns sparked by Meta's signals on Thu that costly AI bet could take years to fructify

** "Google has faced near-constant critique around the inevitable AI-led disruption to search... Google needed to be perfect, or face a repeat of being penalized for micro-misses. It was perfect. Breathe," - Bernstein

** Megacap peers Amazon.com , Nvidia , Meta and Tesla up 1%-3%, Microsoft up 3.8% after Q3 results beat

** Out of 53 brokerages tracking GOOGL, 14 rate "strong buy", 29 "buy" and 10 "hold"; median PT $175

** As of last close, GOOGL shares up ~12% YTD vs 5.8% and 4% gain in S&P 500 and Nasdaq , respectively

<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Big tech

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>

(Reporting by Ankika Biswas in Bengaluru)

((Ankika.Biswas@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment