WORX - Why Alphabet Shares Are Trading Higher By 12%; Here Are 20 Stocks Moving Premarket | Benzinga
Shares of Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) rose sharply in today's pre-market trading the company posted upbeat results for its first quarter.
Google parent Alphabet said its first-quarter revenue increased 15% year-over-year to $80.539 billion, beating the consensus estimate of $78.594 billion. The company reported quarterly earnings of $1.89 per share, beating analyst estimates of $1.51 per share, according to data from Benzinga Pro.
Alphabet's board authorized an additional share repurchase program of up to $70 billion and also announced its first-ever quarterly dividend.
Alphabet shares jumped 11.9% to $174.58 in pre-market trading.
Here are some other stocks moving in pre-market trading.
Gainers
- Tevogen Bio Holdings Inc. (NASDAQ:TVGN) shares gained 64.7% to $1.40 in pre-market trading after falling over 43% on Thursday.
- Pineapple Energy Inc. (NASDAQ:PEGY) gained 40.5% to $0.0729 in pre-market trading.
- Freight Technologies, Inc. (NASDAQ:FRGT) climbed 32.4% to $1.21 in pre-market trading after gaining 5% on Thursday.
- Snap Inc. (NYSE:SNAP) gained 24.2% to $14.16 in pre-market trading after the company reported better-than-expected first-quarter financial results ...