Fri, Feb 19, 2021 10:51 AM
Centre to appeal against Cairn's $1.2 billion arbitration award
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Alphabet announced its first-ever dividend on Thursday and a $70 billion stock buyback, cheering investors who sent the stock surging nearly 16% after the bell. The Google parent is returning capital while spending billions of dollars on data centers to catch up with rivals on generative artificial intelligence. The dividend will be 20 cents per share.
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Alphabet Inc., parent of Google, reported first-quarter revenue on pace to top estimates. Excluding payouts to partners, the company posted $67.6 billion in sales, which compares with the estimated $66.1 billion, according to data compiled by Bloomberg. Furthermore, the tech behemoth reported that its net income for the quarter had been $1.89 per share.
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Shares of ACC are likely to gain on April 26 after the cement maker's Q4 earnings beat the Street estimates. For the quarter ended March 2024, ACC's consolidated net profit rose 300 percent on-year to Rs 945 crore and consolidated revenue from operations rose 12 percent Rs 5,409 crore as the lower-than-estimated realisation was offset by higher volume and lower operating expenses.
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