Alphabet shares rose in premarket trading Friday after the company reported better-than-expected first-quarter earnings. The tech giant reported earnings per share of $2.81, beating the $2.01 estimate and rising from $1.89 a year earlier. Quarterly revenue reached $90.23 billion, topping expectations and marking a 12% year-over-year increase. CEO Sundar Pichai said the company's strong results reflect broad business momentum driven by its full stack approach to AI. Alphabet stock rose 5.5% in premarket trading after releasing its earnings results late Thursday.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Alphabet shares rose in pre-market trading Friday after the company reported better than expected
00:06first quarter earnings. The tech giant reported earnings per share of $2.81, beating the $2.01
00:12estimate and rising from $1.89 a year earlier. Quarterly revenue reached $90.23 billion,
00:18topping expectations and marking a 12% year-over-year increase. CEO Sundar Pinchay said
00:23the company's strong results reflect broad business momentum driven by its full-stack
00:27approach to AI. Alphabet's stock rose 5.5% in pre-market trading after releasing its earnings
00:32results late Thursday. For all things money, visit Benzinga.com slash GSTV.