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.