Alphabet, Google’s parent company, reports stronger than expected overall revenue but stock falls in after-hours trading
Google is doing well, but not well enough for investors. On Tuesday, parent company Alphabet reported stronger-than-expected overall revenue for the quarter but missed analyst expectations in its closely watched Google Cloud business.
Alphabet stock fell in after-hours trading despite strong third-quarter earnings announced on Tuesday following months of modest growth. It reported third-quarter revenue of $76.69bn, up 11% year over year and above analyst predictions of $75.9bn.
More Stories
Dutch climate campaigners vow to take Shell to court again
Trump announces more than $200bn of deals between US and UAE
TikTok breached EU advertising transparency laws, commission says