Why Alphabet Stock Was Sliding Today
As of 11:15 a.m. ET, the stock was down by 8.1%. Overall revenue rose 12% to $96.5 billion in Q4, slightly below analysts' consensus estimate of $96.67 billion. That revenue growth was balanced with search revenue up 12.5% to $54 billion, YouTube up 13.8% to $10.5 billion, and its third-party Google Network ad revenue continuing to decline.
Cloud revenue in the quarter of $12 billion—a 30% increase from last year—just misses analysts’ estimates of $12.2 billion.
US stocks opened lower Wednesday as the Nasdaq and S&P 500 felt impact from Alphabet, AMD and renewed AI worries.
U.S. stock indexes were edging lower on Wednesday morning after Alphabet Inc. posted a revenue miss and said it was [ramping up its spending on artificial intelligence.]( ...
China Universal Asset Management Co. Ltd. raised its holdings in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 36.0% in the ...
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U.S. stock futures barely budged after the release of private payrolls data from ADP as investors remained focused on weak earnings from Alphabet Inc. reported after the bell. The ADP data showed 183, ...
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Clear Creek Financial Management LLC reduced its position in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 8.8% during the 4th ...
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Alphabet Stock Pulls Back From Record Highs After Slight Q4 Revenue Miss: Retail Swoops In To Buy The DipAlphabet, Inc. (GOOGL) (GOOG) shares pulled back in Wednesday’s after-hours session after the search giant reported a slight ...
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