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via seekingalpha.comMarkets

Communication services earnings: three of four beat EPS, Alphabet falls over 12%

FROM THE WIRE · SEEKINGALPHA.COM

Communications services stocks grabbed the spotlight this week as Wall Street digested earnings reports from major names, including Alphabet (GOOG [https://seekingalpha.com/symbol/GOOG]) and Verizon (VZ [https://seekingalpha.com/symbol/VZ]). The communications services sector…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe communications sector lags the S&P 500 sharply and Alphabet reacted negatively to its results.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Three of the four companies that reported beat earnings per share estimates.
  2. 02Two companies beat revenue expectations, while two trailed estimates.
  3. 03Alphabet closed over 12% lower on Thursday following the release of its results.
  4. 04The communications sector is down over 14% year to date, versus a nearly 13% rise in the S&P 500.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Alphabet Inc.GOOGLStock279.84 USDMarket closedtoday -1.40%Negative Alphabet Inc.GOOGStock278.22 USDMarket closedtoday -1.45%Negative State Street Communication Services Select Sector SPDR ETFXLCETF99.90 USDMarket closedtoday -1.29%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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