Google Soars To Record After Smashing Estimates, Launches $70 Billion Buyback And Starts Paying Dividend
by Zero Hedge
Zero Hedge— Google Soars To Record After Smashing Estimates, Launches $70 Billion Buyback And Starts Paying Dividend After the first two Mag7 companies were a study in market paradoxes, when TSLA missed across the board and soared (after guiding much better than expected) and META beat across the board but plunged (after guiding weaker than expected while boosting its spending forecast), moments ago two of the Mag7 giants, GOOGL and MSFT, both reported and this time there was far less drama:...
usanewsgroup.com—Alphabet soars most since 2015 on strong earnings, first dividend and $70 billion buyback. Alphabet shares shot up 10% on Friday after the company posted better-than-expected first-quarter results and greenlit its first-ever dividend and a $70 billion buyback. It’s the sharpest rally for the stock since a 16% jump in July 2015. The shares closed the day at $171.95, valuing Alphabet at over $2.1 trillion. The company on Thursday reported revenue of $80.54 billion, […]
CNBC—Alphabet soars most since 2015 on strong earnings, first dividend and $70 billion buyback. Alphabet shares shot up Friday after the company posted better-than-expected first-quarter results and greenlit its first-ever dividend along with a buyback.
WSJ—Google Parent Alphabet to Issue Cash Dividend for First Time, Does Another $70 Billion Stock Buyback. Parent company Alphabet reported $80.5 billion in first-quarter revenue, a 15% increase from a year earlier, as the company said it plans to pay a cash dividend to investors for the first time.