Alphabet Shares Jump Despite Q2 Misses
Alphabet, the parent company of Google, missed on Wall Street's revenue and earnings estimates in the second quarter but saw its shares jump 4% in after-hours trading regardless. This is likely a result of positive ad revenue in a challenging environment for digital advertisement.
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Alphabet Shares See Several Ups and Downs After Stock Split Takes Effect
Alphabet's long-anticipated 20-1 stock split took effect on Monday, resulting in a short-term shares spike for the Google parent company. Alphabet Class A stock (GOOGL) had a split-adjusted $111.78 close on Friday before surging to $113.68 per share at one point on Monday morning.
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