“Kudlow” panelists Gerri Willis and John Carney discuss their efforts to remake the global trading system.
Google Parent Alphabet He said it would buy back $70 billion worth of shares and increase its 5% dividend as it reported first-quarter revenues above Wall Street’s forecast on Thursday.
Stocks rose 4% in extended transactions, adding about $75 billion to the company’s market value.
Alphabet broke quarterly revenue estimates, benefiting from steady growth in its digital advertising business, offsetting the restrained growth in its cloud computing unit.
3M Beat 1Q estimates, flags that potential tariffs will be hit on profits in 2025
Sundar Pichai, CEO of the Alphabet. (Photo by Christoph Soeder/Picture Alliance by Getty Images/Getty Images)
US President Donald Trump’s Trade policies have sparked concerns about a recession and have encouraged businesses to rethink their spending on advertising. However, analysts say the digital advertising market is still in its position in the first quarter.
Revenue from Google’s flagship advertising business, which accounts for approximately 75% of its overall revenue, rose 8.5% in the quarter to $668.9 billion. This is a slower rate from a 10.6% increase in the last quarter, but surpasses analysts’ expectations of a 7.7% rise.
| Ticker | safety | last | change | change % |
|---|---|---|---|---|
| googl | Alphabet Inc. | 159.28 | +3.93 |
+2.53% |
Google Cloud slowed from its 30.1% growth reported in the last quarter, with revenues rising 28% to $12.26 billion. Analysts were hoping the unit would report revenue of $12.27 billion, according to LSEG data compilation.
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The company reported Total revenue is $90.23 billion According to data compiled by LSEG, the first quarter compared to an analyst’s average estimate of $8.92 billion.
First quarter net income was $34.544 billion, surpassing Wall Street’s $24.85 billion forecast.
