Luxury goods giant $LVMH-Moet Hennessy Louis Vuitton(LVMUY)$ is the first European company to surpass $500 billion in market value. Shares of LVMH have risen more than 20% since 2023. The family of LVMH's president is the latest to be crowned the richest in the world by Forbes. In recent years, luxury giants represented by LVMH, Kering, and Hermes International have seen high revenue growth, with the Asian market becoming a major consumer.Strong growth in luxury goodsThe parent company’s brands include Louis Vuitton, Moet & Chandon, Hennessy, Givenchy, Bulgari, and Sephora. And its 17% rise in first-quarter sales more than doubled analyst estimates. That, plus a profit from recurring operations of 21.1 billion euros, marked its second consecu
Google parent Alphabet reported revenue and earnings for the first quarter that topped estimates. The stock jumped over 4% in extended trading before paring its gains. Let's see what happened.Let's look at Google's earnings reportThe company's revenue for the period reached $69.787 billion, an increase of 2.61% year-over-year, beating analysts' expectations of $68.9 billion; earnings per share reached $1.17, exceeding analysts' expectations of $1.07.Google reported core advertising revenue of $54.548 billion, down 0.2% year-over-year, in the third quarter since the company went public;Revenue from YouTube ads: $6.69 billion, exceeding analyst estimates of $6.6 billion;Revenue from Google Cloud: $7.45 billion, beating analyst estimates of $7.49 billion;The Traffic Acquisition Costs (TAC) we