Company beat Wall Street expectations and posted a revenue of $80.5bn, up 15% since last year, after internal and external unrest
Google’s push to integrate artificial intelligence into all of its offerings – both consumer-facing products like Google Docs and enterprise products – is boosting investors’ confidence. Google’s parent company, Alphabet, reported earnings that exceeded expectations Thursday. The company also issued its first ever dividend, buying back $70bn in stock.
Google posted $80.5bn in revenue for the first quarter of 2024 and reported $1.89 in earnings per share, surpassing analyst expectations of $78.6bn in revenue and $1.51 earnings a share. The company’s revenue increased 15% year-over-year from $69.7bn in the first quarter of 2023. Shares were up in after-hours trading.
About Author
More Stories
Male mosquitoes to be genetically engineered to poison females with semen in Australian research
Bizarre Australian mole even more unusual than first thought, new research reveals
Breakthrough drugs herald ‘new era’ in battle against dementia, experts predict