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Alphabet stock pops off on Q1 earnings beat, cash dividend

Julie Hyman and Jared Blikre

Alphabet (GOOGL, GOOG) declares a cash dividend of $0.20 per share to investors while reporting a first-quarter earnings beat; the Google parent company topped expectations on the top and bottom lines, posting adjusted earnings of $1.89 per share (against estimates of $1.53) and $67.59 billion (against estimates of $66.07 billion).

And Alphabet's stock is overjoyed, surging as high as 13% in Thursday's after-hours trading session.

Yahoo Finance Markets Reporter Josh Schafer joins Julie Hyman and Jared Blikre on Market Domination Overtime to break down the tech giant's quarterly results, comparing and contrasting Alphabet's earnings performance to that of Big Tech peers such as Meta Platforms (META).

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Luke Carberry Mogan.