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Google this month began trading a new Class C stock after a 2-for-1 stock split, a move that changes its per-share earnings. The company pointed out in a blog post last monththat when it presents Q1 earnings after the close Wednesday, it will also report previous quarters “as if we had double the number of shares outstanding during those periods.” Thus, Google’s GAAP EPS for Q1 2013 will no longer be reported as $9.94, but instead will be $4.97 per share. Analysts polled by Thomson Reuters, reflecting the split, expect GAAP EPS of $5.33 for Q1, up 7%. Each former holder of Class A and Class B shares — Class B holds 10 times the votes of Class A — was given an equal number of Class C shares. The Class C shares have no voting rights. The split was for shareholders of record on March 27, issued on April 2, … Scalper1 News
Scalper1 News