NEW YORK (TheStreet) -- Alphabet (GOOGL) stock closed up 1.74% to $761.35 on heavy trading volume on Friday before the company reports its 2015 fourth quarter financial results on Monday after the market close.
Wall Street is anticipating earnings of $8.10 per share on revenue of $20.76 billion for the latest quarter.
Last year, Alphabet, reporting as Google, posted earnings of $6.70 per share on revenue of $18.1 billion for the 2014 fourth quarter.
In August, Google announced it will create a new operating structure under the umbrella company Alphabet. The company expects to increase transparency with the new structure, which has two reporting segments: Google and Other Bets.
By the end of the trading day, 3.71 million shares of Alphabet had exchanged hands, compared with its average daily volume of 2.15 million shares.
Separately, Alphabet has a "buy" rating and a letter grade of B+ at TheStreet Ratings because of the company's compelling growth in net income, revenue growth, largely solid financial position, solid stock price performance and reasonable valuation levels.
You can view the full analysis from the report here: GOOGL
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.