its first-ever dividend on Thursday and a US$70-billion stock buyback, cheering investors who sent the stock surging nearly 16% in after-hours trading.
Alphabet beat expectations for the quarter in sales, profit and advertising – metrics that are all closely watched. Alphabet’s after-hours share surge of nearly 16% following the report increased its stock market value by about $300-billion to over $2-trillion. Google reported advertising sales rose 13% in the quarter to $61.7-billion. That compares with the average estimate of $60.2-billion, according to LSEG data.
Dividend
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Netflix founder, Ex-Alphabet CEO back African solar irrigation startupThe startup estimates that of the 700 million Africans living on small-holder farms only 4% have access to irrigation, meaning that they have significantly lower yields and are vulnerable to dry weather.
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