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Google parent Alphabet misses quarterly revenue estimates

Alphabet missed Wall Street estimates for quarterly revenue, resulting in an 8% drop in its shares during extended trading.
The company's total revenue rose 12% to $96.5 billion in Q4, slightly below the expected $96.67 billion, with search revenue up 12.5%.
Google Cloud revenue increased by 30% to $12 billion, falling short of the anticipated $12.2 billion, amid a slowdown in growth.
CEO Sundar Pichai stated, 'Q4 was a strong quarter driven by our leadership in AI and momentum across the business.

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The Motley Fool

Why Alphabet stock just slumped 7%

Alphabet reported mixed results in its fourth-quarter financial report, with solid earnings growth but sales that fell short.

18 days ago·Alexandria, United States

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Svenska Dagbladet

Alphabet shares plunge after report

Shares in Google's parent company Alphabet plunged 8.4 percent after the New York Stock Exchange opened. This after the American IT giant reported revenue for the last quarter that fell short of forecasts. The report came after the stock exchange closed at 10 p.m. Swedish time on Tuesday evening. It was primarily the revenue from the company's cloud...

18 days ago·Stockholm, Sweden

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TechXplore

+4 Reposted by 4 other sources

Google shares plummet after earnings disappoint

Shares in Google dropped by more than seven percent on Wall Street on Wednesday, a day after its latest quarterly earnings showed stalled growth in cloud and massive spending.

18 days ago

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The Globe & Mail

Premarket: Global stocks knocked by Alphabet earnings; gold hits record

Europe stocks helped by Novo Nordisk beat

18 days ago·Canada

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Tagesschau

Market report: Google dampens sentiment on the stock markets

The price recovery in the DAX is likely to stall in the middle of the week. Negatively received figures from the tech giant Google are dampening the mood on the stock markets.

19 days ago·Hamburg, Germany

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