- 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.
cnbctv18-forexlive