Alphabet Shares Rose 8% Following Q4 Results
<p><a href='https://financialmodelingprep.com/financial-summary/GOOG'>Alphabet Inc. (NASDAQ:GOOG) </a>shares were trading more than 8% higher today afternoon following the company’s reported Q4 results, with EPS of $30.69 coming in better than the consensus estimate of $27.48. Revenue grew 32% year-over-year to $75.33 billion, beating the Street estimate of $72.13 billion. Net ad revenue rose 33% year-over-year, 5% better than the expectations.</p>
<p>Analysts at Oppenheimer increased their price target on the company’s shares to $3,560 from $3,500 following the results, noting that weaker YouTube outlook and reduction in estimates for AppStore was offset by higher Search and GCP estimates.</p>
<p>The company also announced a 20-1 stock split, effective July 1, which is expected to increase the retail demand.</p>

NASDAQ:GOOG