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Alphabet (GOOGL) Beats Revenue Estimates, Pays Dividend; Stock Jumps

Apr 26, 2024 - bloomberg.com
Alphabet Inc., Google's parent company, reported first-quarter revenue that surpassed analysts' expectations, largely due to growth in its cloud computing unit. The company generated sales, excluding partner payouts, of $67.6 billion for the quarter ending March 31, exceeding the expected $66.1 billion average.

The company's net income was $1.89 per share, which was also higher than Wall Street's estimate of $1.53 per share. The data was compiled by Bloomberg.

Key takeaways:

  • Alphabet Inc.'s first-quarter revenue exceeded analysts' expectations.
  • The growth was driven by its cloud computing unit.
  • The company generated sales of $67.6 billion, surpassing the expected $66.1 billion.
  • Net income was $1.89 per share, higher than Wall Street's estimate of $1.53 per share.
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