Google announces 2-1 stock split following strong first quarter

04/13/2012 | Fort Worth Star-Telegram (Texas)

Google reported profits increased 61% to $2.9 billion during the first quarter of the year, prompting the announcement of a 2-1 stock split. The search giant -- which brought in more than $10 billion in revenues in the three months ending March 31, thanks in part to an increase in "paid clicks" -- said it will issue a new class of non-voting stock, effectively splitting its share price in half.

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Fort Worth Star-Telegram (Texas)

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