From Nasdaq: 2024-04-26 15:20:00

Alphabet’s stock (NASDAQ: GOOG, GOOGL) soared after surpassing Q1 earnings expectations and announcing its first-ever dividend. Revenue rose 15% to $80.5 billion, with Google ads revenue up 13% and Google Cloud revenue up 28%. Operating margin improved to 32%, leading to a 62% increase in earnings per share.

The company declared a $0.20 quarterly dividend and increased its share buyback authorization by $70 billion. Investors applauded the strong results, citing growth in key segments and the new dividend program. Despite its size, Alphabet remains a promising investment with expected growth, especially as the ad market rebounds.

The Motley Fool’s Stock Advisor team highlighted 10 top stocks, excluding Alphabet, with potential for substantial returns. The service offers a step-by-step investment strategy, expert stock picks, and has outperformed the S&P 500 since 2002. Suzanne Frey sits on Alphabet’s board, and The Motley Fool holds positions in and recommends Alphabet.



Read more at Nasdaq: Why Alphabet Stock Was Soaring Today