Alphabet reported third-quarter revenue and profit below market expectations on October 29, sending shares down more than 6% in after-hours trading. Quarterly revenue reached $127.6 billion with net profit of $26.2 billion, while earnings per share came in at $2.12 — approximately $0.9 below analyst estimates.
The company's free cash flow for the quarter hit a record negative $9.07 billion, far exceeding the roughly -$36 million expected by analysts. Despite the broader miss, Google Cloud revenue more than doubled year-over-year to $30.7 billion, surpassing consensus forecasts of $29.6 billion.
Alphabet Q3 Profit Misses Expectations, Shares Drop Over 6% After Hours
Aviso legal: El contenido de Phemex News es únicamente informativo.No garantizamos la calidad, precisión ni integridad de la información procedente de artículos de terceros.El contenido de esta página no constituye asesoramiento financiero ni de inversión.Le recomendamos encarecidamente que realice su propia investigación y consulte con un asesor financiero cualificado antes de tomar cualquier decisión de inversión.