Alphabet EPS $1.89 versus estimate of $1.51. Revenue $80.54 billion versus estimated $78.59 billion

• EPS $1.89 versus $1.51 expected
• Revenue of $8.54 billion versus estimated $78.59 billion
• Cloud revenue rises to $9.6 billion
• Alphabet Issues $0.20 Per Share Dividend (Its First-Ever Dividend)

Alphabet shares are up $19 or 12.18%.

Meanwhile, Intel didn’t have such a good quarter with:

• Adjusted earnings per share of $0.18 versus $0.14 expected.
• Revenues were put at $12.7 billion versus an estimated $12.78 billion.

The less good news is that they are forecasting second quarter EPS of $0.10, compared to the expected $0.24. They also forecast second-quarter revenue of between $12.5 billion and $13.5 billion, compared to an expected $13.63 billion.

Intel shares are trading down 7.04% at $32.64

This article was written by Greg Michalowski at www.forexlive.com.

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