Why Alphabet Shares Are Trading Higher By 12%; Here Are 20 Stocks Moving Premarket

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

Losers

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