
$Alphabet(GOOGL.US) +4.6% AH after 1Q Revs, EPS top ests on higher than expected Search adv.
- 1Q Revs $90.2B vs $89.1B est - 1Q Revs (ex-TAC) $76.5B vs $75.4B est- 1Q EPS $2.81 vs $2.05 est- 1Q Search revs $50.7B vs $50.3B est - 1Q YouTube revs $8.9B vs $8.9B est- 1Q Cloud $12.3B vs $12.3B est- 1Q Network $7.3B vs $7.1B est- 1Q Subscriptions $10.4B vs $9.9B est 1Q Operating profit stronger across the board:- Google Services $32.6B vs $30.4B est- Google Cloud $2.2B vs $1.9B est- Other bets (incl Waymo) -$1.2B vs -$1.1BCapExp $17.2B vs $17.1B estRaised div by 5% to $.21/share per qtrIncreased buyback by $70B (3.6% mkt cap)CEO: “Pleased with strong Q1 results.”The copyright of this article belongs to the original author/organization.
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