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Only gains for Alphabet in Q1

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Miguel A. Rodriguez
Miguel A. Rodriguez
29 April 2021
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

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.