KEY WAY MARKETS LTD provides services to Retail clients, Professional clients, and Market Counterparties. Trading leveraged products is highly speculative, involves significant risk of loss, and is not suitable for all investors. Before trading, you are strongly advised to read and ensure that you understand the relevant Risk Disclosure and warnings here: 
Alphabet topped expectations and announced a new $50 billion stock buyback program
Google’s parent company reported an EPS of $26.29 on revenues of $55.31 billion, marking a 34% increase from last year’s figures. Analysts were looking for $15.82 earnings per share and $51.70 billion in revenues.
The company reported advertising revenue of $44.68 billion, marking a significant increase from a previous $33.76 billion. It is the fastest annualized growth rate in at least four years. YouTube ads also reported a 49% rise from a year ago, the figures coming in at $6.01 billion.
While the abovementioned business segments came ahead of consensus, Google Cloud revenue came in line with Wall Street’s expectations - $4.05 billion, a 46% increase year over year.
The market reacted positively to the news, Alphabet stock price gaining more than 4% in after-hours trading.
Source: cnbc.com
Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.
Key Way Markets Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.
