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Alphabet boosts dividend and plans new share buyback, reassuring investors amid antitrust, AI worries

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Alphabet earnings top estimates amid a myriad of investor worries.
Alphabet Inc. reported a robust first-quarter performance with revenues reaching $69.8 billion, marking a 3% increase from the previous year, and earnings per share rising to $1.17 from $1.05. The company's growth was driven by a 2% increase in Google Services revenue to $61.95 billion, despite a slight decline in ad revenue, and a significant 28% surge in Google Cloud revenue to $7.41 billion. Additionally, Alphabet announced its first-ever dividend of $0.20 per share, payable on June 17, and authorized a $70 billion stock buyback program. These financial maneuvers reflect Alphabet's strong cash flow and commitment to returning value to shareholders, amidst a backdrop of solid performance across its diverse business segments.

Read the Full KUTV Article at:
[ https://kutv.com/money/investing/alphabet-first-quarter-earnings-dividend-boost-share-buybacks ]