02:12 PM EDT, 04/26/2024 (MT Newswires) -- Alphabet (GOOG) jumped nearly 10% Friday amid heavy trading after the Google ( GOOG ) parent reported, late on Thursday, a surge in Q1 earnings and revenue.

The company also said its board approved the launch of a quarterly cash dividend program and buyback of up to an additional $70 billion of its class A and class C shares.

Intraday trading volume shot to nearly 42 million from a daily average of about 23.2 million.

ResMed ( RMD ) reported late Thursday that fiscal Q3 non-GAAP earnings and revenue grew faster than the market had forecast.

Shares jumped 18% as intraday trading volume soared to over 2.8 million from a daily average of about 1.02 million.

Focus Universal ( FCUV ) said on Friday that its board approved the spin-off of Lusher to develop the SEC Financial Reporting AI-Driven Automation Software for a future initial public offering and a potential Nasdaq listing.

Shares rose 11% as intraday trading volume climbed to nearly 19 million versus the stock's daily average of about 257,000.

Price: 173.06, Change: +15.11, Percent Change: +9.57