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via finance.yahoo.comMarkets

Alphabet misses revenue expectations and shares fall in after-hours trading

FROM THE WIRE · FINANCE.YAHOO.COM

Google parent company Alphabet Inc. came up short of Wall Street expectations despite strong revenue growth in its third-quarter results, which sent its stock falling in after-hours trading Wednesday. The Mountain View, California-based company said its net income was $26.17…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA revenue miss at mega-cap Alphabet can move the broader tech sector and major indices.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Third-quarter revenue grew 25% to $127.58 billion.
  2. 02Analysts on average expected $127.97 billion, according to FactSet.
  3. 03Net income fell to $26.17 billion from $34.98 billion a year earlier.
  4. 04An $8.7 billion loss on equity investments weighed on results.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Alphabet Inc.GOOGLStock324.89 USDMarket closedtoday +1.34%Negative Alphabet Inc.GOOGStock321.89 USDMarket closedtoday +1.60%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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