Google Inc announced plans to give investors a stock dividend on Thursday, as the search giant reported first quarter revenue roughly in line with Wall Street estimates.
Shares of Google, which finished Thursday's regular session at $651.01, rose to $655 in after-hours trading.Google said its board of directors has approved a dividend of stock to existing shareholders that it calls a 2-for-1 stock split, preserving its corporate and control structure.
Shares of Google, which finished Thursday's regular session at $651.01, rose to $655 in after-hours trading.Google said its board of directors has approved a dividend of stock to existing shareholders that it calls a 2-for-1 stock split, preserving its corporate and control structure.
Google (GOOG): Q1 EPS of $10.08 beats by $0.43. Revenue of $8.14B (+24% Y/Y) misses by $10M. Company announces "effectively, a 2-for-1 stock split" with a new class of nonvoting shares. Google's The new share structure is defended via another letter praising Google's long-term focus Ad click rates fell another 6% Q/Q and 12% Y/Y, backing up recent fears. Paid clicks rose 7% Q/Q and 39% Y/Y, up from Q4's 34% and likely fueled by mobile. International sales were 54% of revenue. Capex relatively mild at $607M, down from Q4's $951M. Headcount growth was a modest 610 (helps explain the earnings beat). GOOG +1.2% AH.
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