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?
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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
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