For today, financial markets are wrapped up, and Google (GOOGL) has released its earnings statement for the initial quarter of its fiscal year 2025. Pleasingly, Google surpassed both EPS and revenue estimates in Q1 2025, signifying a successful start to their fiscal year.
The Q1 2025 earnings report from Google has been released, offering insights into the company’s and its various holdings’ performance over recent months. Google reported a revenue of approximately $90.23 billion, surpassing the projected figure of $89.12 billion. In terms of Earnings Per Share (EPS), Google achieved $2.81/share, exceeding expectations of $2.01.
After the market closed, Google’s (GOOGL) stock experienced a surge in after-hours trading. Its value peaked at $167.15, a significant increase from its closing price of $159.30. In the company’s earnings report, CEO Sundar Pichai issued a statement.
Google has been given approval for an extra $70 billion to repurchase shares (stock buybacks). Stay tuned to Shacknews for the latest financial updates related to tech.
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2025-04-24 23:27