The shares will be distributed to shareholders at the close of business on August 24, and trading will begin on a split-adjusted basis on August 31.
Apple reported a historically strong quarter for the company on Thursday, including $59.7 billion in revenue and double-digit growth in its products and services segments.
The company beat on both the top and bottom lines.
Alphabet’s Q2 earnings are expected to be hit hard by the effects of the pandemic alongside a maturing digital ad market.
Facebook has seen an increase in user engagement as a result of the coronavirus, but has also endured an ad boycott that may crimp revenue.
It’s up from the company’s fiscal second quarter of 2020, when the company reported a $192.8 billion cash pile.
Amazon’s cloud unit faced slower growth than ever before in the second quarter, with some customers getting hit especially hard by the pandemic.
Ford CFO Tim Stone warned investors in April that the company expected to lose more than $5 billion, on an adjusted pretax basis, during the second...
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Expectations that the brutal numbers would turn around in the third quarter are being tempered.