Web Stories Friday, April 26
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Alphabet shares rallied in extended trading on Thursday after the company reported results that topped analysts’ estimates, showed soaring profits in its cloud division and announced its first dividend.The after-hours jump lifted Alphabet’s market cap past $2 trillion.Here are the results.Earnings per share: $1.89 vs. $1.51 expected by LSEGRevenue: $80.54 billion vs. $78.59 billion expected by LSEGWall Street is also watching several other numbers in the report:YouTube advertising revenue: $8.09 billion vs. $7.72 billion expected, according to…

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U.S. gross domestic product (GDP) dropped faster than expected in the first quarter, but a key metric used by the Federal Reserve to measure inflation kept rising, according to the Bureau of Economic Analysis (BEA).  Real GDP increased at an annual rate of 1.6% for the January-through-March period after rising 3.4% in the…

Lifestyle

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