3 hours ago
Alphabet Inc. (GOOG) Stock: AI and Cloud Growth Surge as $8.7 Billion Investment Loss Hits Earnings
TLDR Alphabet stock drops 8.90% after hours as Q3 earnings miss Wall Street estimates. Alphabet revenue jumps 25% to $127.6 billion, but investment losses hit earnings. Google Cloud revenue surges 103% to $30.7 billion on strong enterprise demand. Alphabet EPS falls to $2.12 as an $8.7 billion investment loss weighs on profits. Google Search revenue [...]
The post Alphabet Inc. (GOOG) Stock: AI and Cloud Growth Surge as $8.7 Billion Investment Loss Hits Earnings appeared first on Blockonomi.
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