Alphabet Inc. reported quarterly revenues of $57.27 billion, reflecting a 6% year-over-year growth that fell short of earnings estimates. The company's earnings per share reached $1.06, significantly below the expected $1.25, as it faces challenges from slowing ad sales. This disappointing performance has contributed to a 16% drop in stock price over the past three months and a broader tech market turmoil, with major firms losing nearly $3.3 trillion in combined value. As Alphabet reinvests its profits into the business, analysts are expressing concerns over its inability to weather the ongoing economic slowdown.
“Alphabet · were down · percentage · >1%”
“Alphabet · reported · revenue · $57.27 billion”
“Alphabet · reported · year-over-year growth · 6%”
“Alphabet · reported · EPS · $1.06”
“Alphabet · reported · consensus estimate for EPS · $1.25”
“Alphabet · was down · percentage · more than 1%”
“Alphabet · was down · percentage · more than 1%”
“Microsoft and Alphabet · lost · combined market value · about $280 billion”
“Alphabet · missed · revenue and earnings estimates · due to slowing ad sales growth”
“Alphabet · are immune to · economic slowdown · false”
“Alphabet · has been · one of the most searched-for stocks · on Zacks.com”
“Alphabet · has returned · +0.7% · over the past month”
.png&width=160)