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via finance.yahoo.comBusiness & Companies

Alphabet shares tumble 7% as earnings miss overshadows cloud boom

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Alphabet (NASDAQ: GOOG) shares fell 7% Wednesday after the Google parent reported third-quarter earnings that fell well short of Wall Street expectations, overshadowing stronger-than-expected revenue and another surge in Google Cloud growth. Still guessing which…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA mega-cap falls 7% on a large EPS miss, with implications for the Nasdaq.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Alphabet reported EPS of $2.12 against $3.02 expected.
  2. 02Revenue rose 25% year over year to $127.6 billion, slightly above estimates.
  3. 03Cloud growth remains strong, but AI investment spending weighs on the outlook.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Alphabet Inc.GOOGStock321.89 USDMarket closedtoday +1.60%Negative Alphabet Inc.GOOGLStock324.89 USDMarket closedtoday +1.34%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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