Google says will buy back $70 billion in shares, posts earnings beat

Share via:


Google parent Alphabet said it would buy back $70 billion worth of shares as it reported first-quarter profit above Wall Street expectations on Thursday. Shares jumped 4% in extended trading, adding about $75 billion to the company’s market value.

Alphabet beat quarterly revenue estimates, benefiting from steady growth in its digital advertising business, which helped offset muted growth at its cloud computing unit.

US President Donald Trump’s trade policy has triggered worries of an economic downturn, prompting companies to rethink their spending on…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Google says will buy back $70 billion in shares, posts earnings beat


Google parent Alphabet said it would buy back $70 billion worth of shares as it reported first-quarter profit above Wall Street expectations on Thursday. Shares jumped 4% in extended trading, adding about $75 billion to the company’s market value.

Alphabet beat quarterly revenue estimates, benefiting from steady growth in its digital advertising business, which helped offset muted growth at its cloud computing unit.

US President Donald Trump’s trade policy has triggered worries of an economic downturn, prompting companies to rethink their spending on…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Crypto prediction platform Polymarket to raise at $1b valuation

Polymarket allows users to wager on topics like...

Sequretek Ensures Every Asset Matters with the Launch of...

Sequretek, a global leader in AI-powered cybersecurity solutions, today...

AI tools are helping teachers with grading and lessons,...

For her 6th grade honors class, math teacher...

Popular

Upcoming Events

ZXCVa ZXCVa ZXCVa ZXCVa ZXCVa ZXCVa ZXCVa ZXCVa ZXCVa ZXCVa ZXCVa ZXCVa ZXCVa ZXCVa ZXCVa ZXCVa ZXCVa ZXCVa ZXCVa ZXCVa ZXCVa ZXCVa ZXCVa ZXCVa ZXCVa ZXCVa ZXCVa ZXCVa ZXCVa ZXCVa ZXCVa ZXCVa ZXCVa ZXCVa