On April 28, it was reported that Alphabet, the parent company of Google, achieved a market valuation of 2.01 trillion US dollars during trading on April 12, and entered the “2 trillion US dollar club” following the release of its first-quarter earnings report yesterday.
Upon reviewing Alphabet’s market capitalization, it was noted that it currently stands at 2.15 trillion US dollars.
The share price is listed at 173.69 US dollars, with today’s trading seeing an increase of 15.74 US dollars, which corresponds to a gain of 9.97%. The company’s price-earnings ratio is 28.18, and it set a new 52-week high during today’s session at 176.42 US dollars.
Among global public companies, Google ranks as the fourth most valuable, trailing behind Nvidia ($2.2 trillion), Apple ($2.6 trillion), and Microsoft ($3.0 trillion). Meanwhile, Amazon’s market cap is at $1.8 trillion, with Meta at $1.1 trillion.
Alphabet Inc., the parent of Google, unveiled its most recent quarterly financial results on Thursday.
For the first quarter of the current year, the firm posted revenues of US$80.54 billion (approximately RMB 583.915 billion), marking a 15% increase year-over-year, surpassing the forecasts of Wall Street analysts, including those from FactSet Research, and marking the fourth consecutive quarter of accelerating revenue growth.
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