Google. US shares surged 10.01% to $3028.58.
Alpha, Google’s parent company, announced its better than expected fourth quarter earnings after hours on Tuesday and announced a 20-1 split, which will take effect in July.
According to the financial report, the earnings per share of alphabet in the fourth quarter was $30.69, and the market expected $27.34; The revenue was 75.33 billion US dollars, and the market expected 72.17 billion US dollars. Alphabet said that in the fourth quarter, YouTube’s advertising revenue was $8.63 billion and the market was expected to be $8.87 billion; Google cloud revenue of $5.54 billion, the market is expected to $5.47 billion. Google’s advertising revenue for the quarter was $61.24 billion, up from $46.2 billion in the same period last year.
