Why Alphabet Stock Won the Spelling Bee Today
Internet tech giant Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), parent company of Google, delivered a tremendous earnings beat last night, reporting $30.69 per share in earnings where Wall Street had expected only $27.32, and blowing sales forecasts out of the water as well -- $75.3 billion versus $72.1 billion. Alphabet then topped off the good news with a promise to split its stock 20 for 1.
No huge surprise here: Alphabet stock is up 6.3% as of 11 a.m. ET.
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Source Fool.com
