Alphabet reports big fourth-quarter beat; stock pops
$Alphabet-C (GOOG.US)$ $Alphabet-A (GOOGL.US)$ Alphabet beat on the top and bottom lines for the fourth quarter.
The stock jumped in extended trading after the report.
The company also announced a 20-for-1
In splitting its stock, Alphabet is following moves by $Apple (AAPL.US)$ and $Tesla (TSLA.US)$ in the last couple years.
The split doesn’t change the fundamentals of the business. Rather, it will lower the price of each share, a move that companies often make when their stock trades in the thousands of dollars. Were the split to happen as of Tuesday’s close, the cost of each share would go from $2,572.88 to $128.64, and each existing holder would get 19 additional shares for every one they own.
The stock jumped in extended trading after the report.
The company also announced a 20-for-1
In splitting its stock, Alphabet is following moves by $Apple (AAPL.US)$ and $Tesla (TSLA.US)$ in the last couple years.
The split doesn’t change the fundamentals of the business. Rather, it will lower the price of each share, a move that companies often make when their stock trades in the thousands of dollars. Were the split to happen as of Tuesday’s close, the cost of each share would go from $2,572.88 to $128.64, and each existing holder would get 19 additional shares for every one they own.
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Johnnie Worker : That’s way too much. What’s next