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.
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