Alphabet earnings miss estimates, driving down shares 2%

Alphabet earnings miss estimates, driving down shares 2%

Alphabet Inc., the parent company of Google, reported a third-quarter earnings miss that sent its stock down 2% in after-hours trading on Monday. The company reported net income of $7.07 billion, or $10.12 a share, compared with $13.06 a share a year ago. Revenue was $40.5 billion, up 20% from the same quarter a year ago. Analysts had estimated $12.28 a share on revenue of $40.3 billion.

Sandra
Sandra
James Villalobos
James Villalobos 5 months

I like it. Unfortunately they're too far up their ass at this point to draw a clear correlation between their business practices for the last 5 years and their declining profits

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