KEY POINTS
  • 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.

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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.

In this article