Alphabet (GOOGL) Q1 earnings report 2023


Sundar Pichai, CEO, Alphabet

Lluis Gene | AFP | Getty Images

Alphabet reported first-quarter results on Tuesday that exceeded analysts’ estimates. The stock jumped over 4% before paring its gains.

The company also said its board authorized a $70 billion share buyback.

Here are the key numbers:

  • Earnings: $1.17 per share vs. $1.07 per share expected, according to Refinitiv.
  • Revenue: $69.79 billion vs. $68.9 billion expected, according to Refinitiv.

The beat on the top and bottom lines breaks a string of four straight quarters in which the company missed consensus estimates.

  • YouTube advertising revenue: $6.69 billion vs. $6.6 billion, according to StreetAccount.
  • Google Cloud revenue: $7.45…

Source cnbc.com

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