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Alphabet reports big fourth-quarter beat; stock pops - superadmin - 02-02-2022 Alphabet beat on the top and bottom lines for the fourth quarter. The stock jumped in extended trading after the report. The company also announced a 20-for-1 stock split. Google parent Alphabet reported better-than-expected fourth-quarter earnings and revenue. Shares popped more than 9% in extended trading. The company also announced a 20-for-1 stock split that will go into effect in July. Here are the key numbers: Earnings per share (EPS): $30.69 vs $27.34 expected, according to Refinitiv Revenue: $75.33 billion vs $72.17 billion expected, according to Refinitiv YouTube advertising revenue: $8.63 billion vs. $8.87 billion expected, according to StreetAccount Google Cloud revenue: $5.54 billion vs $5.47 billion expected, according to StreetAccount Traffic acquisition costs (TAC): $13.43 billion vs. $12.84 billion expected, according to StreetAccount Alphabet reported revenue growth of 32%, proving again that it was able to withstand the pressures from the pandemic and inflation. The results follow a year of outperformance. The stock surged 65% last year, beating all other Big Tech companies and more than tripling gains in the S&P 500. Google’s advertising revenue came in at $61.24 billion for the quarter, up 33% from $46.2 billion in the same period a year earlier. Philipp Schindler, Google’s chief business officer, said retail was the largest contributor to year-over-year ad growth. Media and finance spending was also significant. - More -