After successful Q4 2015 earnings and a brief time as the most valuable company in the world, Alphabet is awarding Sundar Pichai and other top executives lucrative stock grants. Pichai’s award of 273,328 Class C shares worth $199 million would make him one of the highest-paid executives of a public company.
Alphabet’s just-released Q4 earnings has seen its stock price rise in after hours trading, resulting in the Mountain View-based company passing Apple to become the most valuable company in the world. The company’s market capitalization was $517.6 billion at close, and while the price is still fluctuating after hours, Alphabet’s market cap will be over $540 billion tomorrow if these prices hold…
Alphabet has today posted its Q4 2015 earnings and fiscal year 2015 results. The company reports revenue of $21.3 billion, which is up 18%. Net income for Q4 2015 was $3.97 billion. Meanwhile, both Alphabet Class A stock and Class C stock is soaring in after-hours trading, briefly giving Alphabet the top spot as most valuable company in the world.
Alphabet has today — for the very first time since the company’s major restructuring earlier this year — posted Google’s earnings for Q2 2015. The company reports revenue of $18.7 billion, which is up 13%. Net income for Q3 2015 was $3.97 billion. More importantly, Google is initiating its first buyback program, planning to buy $5,099,019,513.59 of its Class C capital stock.
Meanwhile, Alphabet stock is soaring.
Many reports have been hitting the web this morning that the Nexus 5 has ceased production, and while that may very well be true (we’re pretty sure it is), there’s no reason to go buying a backup phone out of fear that the device is going to magically disappear from the Play Store over the next few days (at least according to an official statement provided to us by Google)…
It isn’t a Nexus but it might as well be. Google announced a special version of the Samsung Galaxy S4 that will run stock Android, has an open boot loader and get updates straight from Google. You can buy 16GB (with open SD card slot) for AT&T and T-Mobile at the Play Store for $649 starting on June 25th.
Google’s Chairman and former CEO Eric Schmidt plans to sell $1.5 billion in Google stock that he owns, according to a filing with the SEC. Schmidt’s stake in Google is currently 2.8-percent. The prearranged sale of 2.4 million shares of Class A stock will lower his share to 2.1-percent. Google closed at $604.64 per share on Friday. WSJ reported:
Google Inc. Executive Chairman Eric Schmidt is selling stock currently worth about $1.45 billion as part of a trading plan that would cut his ownership stake in the Internet giant to about 2.1% from 2.8%.
As of the end of last year, Schmidt owned 2.8-percent of Google, which equivalates to 9.1 million shares of Class A and Class B stock. At the end of the sale, Schmidt will own 6.7 million shares of stock— or 2.1-percent of Google.
There have been rumors floating around that Motorola Mobility may be bought ought by Carl Icahn and KKR. The buyout would include both paying $34.25 per share, financed with $3 billion cash and other tricks. These rumors have caused a spike in Motorola’s stock (as seen above). (via Benzinga)
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