Alphabet Shares Jump on Google Cloud, YouTube Expansion

Search ad sales crumbled in March, but analysts expected worse
Executives optimistic on usage trends, longer-term prospects

Watch: John Freeman, vice president of equity research at CFRA, discusses Alphabet’s results.(Source: Bloomberg)

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By Gerrit De Vynck and Mark Bergen

April 28, 2020 at 8:16 PM UTC

Updated on

April 29, 2020 at 12:03 AM UTC

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Alphabet Inc. shares surged after first-quarter results and upbeat executive comments showed the company’s cloud and YouTube businesses kept growing in the midst of the Covid-19 pandemic.