Alphabet Shares Surge 6% In Premarket Amid Earnings BeatShares of Alphabet Inc. (NASDAQ: NASDAQ:GOOG ) spike 6% in Friday's premarket session amidst earnings beat.
Google parent Alphabet (NASDAQ: NASDAQ:GOOG ) reported first-quarter revenue and profit that exceeded analysts’ expectations, sending shares higher in extended trading Thursday.
The tech giants reported revenue of $90.23 billion, up 12% year-over-year and above the analyst consensus from Visible Alpha.1 Net income of $34.54 billion, or $2.81 per share, compared to $23.66 billion, or $1.89 per share, a year earlier, also topping Wall Street’s estimates. Google Cloud revenue rose 28% to $12.3 billion, while Search & Other segment revenue grew 10% to $50.7 billion.
Alphabet also raised its quarterly dividend by 5% to 21 cents, and announced an additional $70 billion in stock buybacks. Alphabet's Class A shares rose close to 5% in after-hours trading. The stock was down about 16% for 2025 through Thursday’s close.
Alphabet Reiterates Spending Plans as AI Features Expand Reach and Engagement
CEO Sundar Pichai said Search growth was driven by "engagement we’re seeing with features like AI Overviews, which now has 1.5 billion users per month" after launching in May 2024.2
“We do see a tremendous opportunity ahead of us across the organization,” CFO Anat Ashkenazi said, adding that Alphabet ended the quarter with more Cloud demand than it had capacity.
Technical Outlook
As of the time of writing, shares of NASDAQ:GOOG are up 5% in Friday's premarket trading, bouncing off from the critical support zone of $146. NASDAQ:GOOG 's next top is the $200 resistant a move that will deliver a stunning 29% in gains. All present metrics are pointing to a bullish campaign, the asset is already trading below key moving averages giving NASDAQ:GOOG room to capitalize on this technical to make a comeback.
Googlestock
Google: Room to Head HigherFor the past two months, GOOGL has been stuck in a sluggish sideways phase, with even its latest breakout attempt quickly sold off. During the magenta wave , we still expect a new high, though a direct transition into the subsequent wave remains technically possible. In our 33% likely alternative scenario, we would have to reckon with a significantly delayed continuation of the overarching upward cycle. In this case, GOOGL would still be working through the (intermediate) correction of the green wave alt. , which would bottom below the support at $147.22.
Google: There We Go!Since late October, the Alphabet stock has been rejected twice at the $181.61 resistance. This Monday, though, it achieved an impulsive rally above this critical level. This advance aligns perfectly with our primary scenario by propelling the magenta wave further upward, and we expect additional gains as this movement progresses. However, the development of the ongoing upward impulse would be significantly delayed in our 33% likely alternative scenario. In this case, Alphabet’s stock would still be working on the corrective green wave alt. and sell off below the support at $147.22.