Financial News: Google 20-1 stock split

Financial News:

Google 20-1 stock split

Sundar Pichai, Google CEO

Google's fourth-quarter earnings crushed expectations and they announced a 20-for-1 stock split, pushing shares up substantially in extended hours trading.

As a result of the post-pandemic increase in marketing spending by corporations around the world, Google parent Alphabet (GOOGL) – Get Alphabet Inc. Class A Report recorded considerably greater fourth quarter results Tuesday and authorized a 20-for-1 split of its stock.

Alphabet reported a record $20.6 billion, or $30.69 per share, in earnings for the three months ending in December, up 37.6 percent from the same time last year and well ahead of the Wall Street consensus expectation of $27.48 per share, which was expected.

Photo: Pichai Sundararajan, better known as Sundar Pichai, is an Indian-born American business executive. He is the chief executive officer of Alphabet Inc. and its subsidiary Google. Born in Madras, India, Pichai earned his degree from IIT Kharagpur in metallurgical engineering. (Photo: John Lee)

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Content ID: 1643763002 Created Wednesday, February 02, 2022 12:50 AM UTC by Aaron Stipkovich, Updated Wednesday, February 02, 2022 2:22 PM UTC by Aaron Stipkovich.