Alphabet shares jump 14% on earnings beat, first-ever dividend

CNBC April 25, 2024
Jennifer Elias

Key Points

– Alphabet beat on earnings and revenue in its first-quarter results.

– Revenue increased 15% from a year earlier, the fastest rate of growth since early 2022.

– The company also announced its first dividend and a $70 billion buyback.

Alphabet shares rallied in extended trading on Thursday after the company reported results that topped analysts’ estimates, showed soaring profits in its cloud division and announced its first dividend.

Here are the results.

• Earnings per share: $1.89 vs. $1.51 per share expected by LSEG
• Revenue: $80.54 billion vs. $78.59 billion expected by LSEG

Wall Street is also watching several other numbers in the report:

• YouTube advertising revenue: $8.09 billion vs. $7.72 billion expected, according to...

Today's Sponsors

Today's Sponsor