Published , by Donovan Erskine
Published , by Donovan Erskine
Google (GOOGL) delivered a Q1 2024 earnings report so strong that it drove the company’s stock to an all-time high valuation. It came during after-hours trading following the news that Google had beat both revenue and earnings-per-share expectations.
Google’s stock shot up after markets closed this afternoon following the publishing of its Q1 2024 earnings report. The stock’s value peaked at $181.90 at around 5 p.m. ET in after-hours trading. This represents an all-time high for the stock.
In addition to beating its expectations for revenue and EPS, Google also saw YouTube generate $8 billion in ad revenue during the quarter. The company also announced a quarterly cash dividend policy alongside its earnings.
Google’s stock hitting an all-time high valuation is certainly good news for its shareholders, and executives at the company are likely hoping it’ll set the tone for a successful 2024. For more of this week’s financial news, Shacknews has what you’re looking for.