-- (Updates with the stock move in the headline and the first paragraph.)
Alphabet's (GOOG, GOOGL) shares were up 6% in Thursday's premarket activity after the tech giant reported overnight Q1 earnings and sales above market expectations.
The company reported Q1 earnings late Wednesday of $5.11 per diluted share, up from $2.81 a year earlier.
Analysts polled by FactSet expected $2.63.
Revenue for the quarter ended March 31 rose to $109.9 billion, up from $90.2 billion a year earlier.
Analysts surveyed by FactSet expected nearly $106.96 billion.
The company raised its quarterly cash dividend to $0.22 per share from $0.21, payable June 15 to stockholders of record as of June 8.
Price: $368.21, Change: $+20.90, Percent Change: +6.02%