Company Of The Day: Alphabet
What?
Google’s parent company Alphabet (NASDAQ:GOOG) posted a stronger than expected set of Q4 2021 results. Revenue rose 32% versus last year to $75.33 billion, while EPS came in at $30.69 per share. The company also announced a 20 to 1 stock split.
Why?
- Alphabet Stock Fell 5% In A Day, Why?
- Alphabet Stock IS Beating S&P500 By 11% YTD, Where Is It Headed?
- Beating S&P 500 by 37% Since The Start Of 2023, Where Is Alphabet Stock Headed?
- Beating The S&P 500 By 40% Since The Start Of 2023, What To Expect From Alphabet Stock In Q4?
- After 50% Move This Year Alphabet Stock To Outperform The Estimates In Q3
- Alphabet Stock Outperformed The Street Expectations In Q2
The growth was driven by strong sales of search ads and rising demand for Google’s cloud services.
So What?
Alphabet stock rallied by close to 9% in after-hours trading on Tuesday.
See Our Complete Analysis For Alphabet
What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.