Google (GOOGL.us) surged 7.52 percent to a record market value of just under $2 trillion

2022-08-19 0 By

Google A(GOOGL.us) rose 7.52 percent to $2,960 on Wednesday, with its shares trading as high as $3,030.93, setting A new all-time high for the company, giving it A market value of $1.96 trillion.In the fourth quarter of last year, Google’s parent company’s revenue rose 32%, EPS increased nearly 38%, operating profit increased nearly 40%, cloud revenue increased nearly 45% and operating loss narrowed 30% year on year, both exceeding expectations. However, YouTube’s advertising revenue was slightly lower, innovative business revenue shrank and operating loss expanded nearly 30%.The company plans to split its stock 20/1 in a one-time special dividend in mid-July, making it easier for retail investors to own the stock, and the cheaper price makes it more likely that Google will be included in the Dow.