Google 'Earnings Surprise'... 1Q Revenue Up 34%
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[Asia Economy New York=Correspondent Baek Jong-min] Alphabet, the parent company of Google, announced on the 27th (local time) that its first-quarter revenue was $55.3 billion, with earnings per share of $26.29.
The revenue growth rate reached 34%. Revenue significantly exceeded the market expectation of $51.7 billion. Earnings per share also surpassed the expected $15.82.
This performance is said to have been driven by increased YouTube revenue.
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Alphabet's stock rose 0.8% during regular trading hours that day but surged 4% in after-hours trading following the earnings announcement.
This content was produced with the assistance of AI translation services.
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