Only gains for Alphabet in Q1

By: Miguel A. Rodriguez

15:48, 28 April 2021

1619607072.png
Alphabet topped expectations and announced a new $50 billion stock buyback program

Google’s parent company reported an EPS of $26.29 on revenues of $55.31 billion, marking a 34% increase from last year’s figures. Analysts were looking for $15.82 earnings per share and $51.70 billion in revenues.

The company reported advertising revenue of $44.68 billion, marking a significant increase from a previous $33.76 billion. It is the fastest annualized growth rate in at least four years. YouTube ads also reported a 49% rise from a year ago, the figures coming in at $6.01 billion.

While the abovementioned business segments came ahead of consensus, Google Cloud revenue came in line with Wall Street’s expectations - $4.05 billion, a 46% increase year over year.

The market reacted positively to the news, Alphabet stock price gaining more than 4% in after-hours trading.

Source: cnbc.com

Share this article

The information presented herein is prepared by capex.com/ae and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only.Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience, or current financial situation. 

Key Way Markets Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance and forecasts are not reliable indicators of future results.