Google earnings report: Profit beats the street, revenue grows 24%, stock split announced

Google also announced they will be creating a new class of “non-voting” stock that can be used without diluting the governance structure of the company. Current stock owners will get a share of the new stock for each currently owned stock, meaning that this is essentially a 2:1 stock split. The proposal was passed unanimously by the board of directors.
“We have always managed Google for the long term, investing heavily in the big bets we hope will make a significant difference in the world. Some of these bets have been tremendous, funding our activities and generating significant gains for our shareholders. Others have been less successful. But the ability to take these kinds of risks has been crucial to Google’s overall success and we aim to maintain this pioneering culture going forward.”
Google's earnings call is going on right now, and we'll be sure to report any important mobile information that is disclosed during it.
sources: Google Investor Relations, 2012 Founders Letter