Alphabet's stock is having its worst day in a year after cloud revenue missed estimates
Publishing timestamp: 2023-10-25 12:23:24
Summary
Alphabet's shares dropped 8% after the company reported third-quarter earnings that missed analyst estimates for Google Cloud revenue. This was in contrast to Microsoft, which showed accelerated growth in its Intelligent Cloud business. While Alphabet beat expectations for overall revenue and earnings per share, the disappointment in Google Cloud revenue caused concern among investors.
Sentiment: NEGATIVE
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