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Wall Street hammered Alphabet for an earnings miss that included weaker-than-expected revenue out of the company's core business.
Chronology
Alphabet earnings miss reflects first real sign that AI is taking a bite out of search
Wall Street hammered Alphabet for an earnings miss that included weaker-than-expected revenue out of the company's core business.
- CNBC: Alphabet earnings miss reflects first real sign that AI is taking a bite out of search
- Reuters: Alphabet stock sinks as search woes cause revenue miss, cash burn worsens
- Seoul Economic Daily: Fed Holds Rates While Calling Inflation Too High; Alphabet's Search Revenue Slows
- Bloomberg: Alphabet Reports Disappointing Revenue, Income; Shares Drop
- Associated Press: Asian shares and U.S. futures are mixed after Google parent Alphabet's earnings disappoint
- The Wall Street Journal: Google Shares Fall 10% as Growth in Search Revenue Slows
- The New York Times: Alphabet’s Revenue Rises 25% as Profit Falls
- Mint: Alphabet Inc. shares: Google parent stock price falls 10% post Q3 earnings | What should investors do?
- Investing.com: U.S. stocks open lower after in-line PCE data, post-earnings slide in Alphabet
Reporting
- Alphabet earnings miss reflects first real sign that AI is taking a bite out of search
Wall Street hammered Alphabet for an earnings miss that included weaker-than-expected revenue out of the company's core business. - Wall Street hammered Alphabet for an earnings miss that included weaker-than-expected revenue out of the company's core business.
- Alphabet stock sinks as search woes cause revenue miss, cash burn worsens
Oct 28 (Reuters) - Google parent Alphabet reported disappointing results in the core business of search advertising and a massive acceleration in cash burn as it poured resources into building out AI.
- Fed Holds Rates While Calling Inflation Too High; Alphabet's Search Revenue Slows
The Fed held rates at 3.75%-4.00% and will cut FOMC meetings from next year, while Alphabet's search revenue missed estimates.
- Alphabet Reports Disappointing Revenue, Income; Shares Drop
Alphabet Inc. reported quarterly sales and profit that fell short of expectations, a sign that the company is failing to generate enough return to justify its massive investments in AI. - Breaking: Alphabet shares tumble after Google’s parent company reported sales and profit that fell short of expectations
- Asian shares and U.S. futures are mixed after Google parent Alphabet's earnings disappoint
Asian shares and U.S. futures were mixed after Alphabet's disappointing earnings revived concerns about whether heavy AI investment can generate sufficient returns. The report also noted that the Federal Reserve held interest rates steady, while Japan's Nikkei edged higher and South Korea's Kospi declined.
- Google Shares Fall 10% as Growth in Search Revenue Slows
Despite strength in its cloud-computing division, the company had negative free cash flow of $9.1 billion.
- Alphabet’s Revenue Rises 25% as Profit Falls
The company has been spending relentlessly to build A.I. and said it would increase those investments next year. Profit dropped because of changes to the value of its investments.
- Alphabet Inc. shares: Google parent stock price falls 10% post Q3 earnings | What should investors do?
Alphabet Inc. shares: GOOG shares plunged more than 10% in after-hours trading on Wednesday, 28 October, after the company missed Wall Street revenue estimates in Q3.
- U.S. stocks open lower after in-line PCE data, post-earnings slide in Alphabet
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- Alphabet falls 12%, putting it on course for its biggest ever post-earnings drop
- Alphabet falls 12%, putting it on course for its biggest ever post-earnings drop
- Alphabet falls 13%, putting it on course for its biggest ever post-earnings drop
- Alphabet falls 10% in premarket, putting it on course for its biggest ever post-earnings drop
- Alphabet falls 10% in premarket, putting it on course for its biggest ever post-earnings drop
- Alphabet stock sinks as search woes cause revenue miss, cash burn worsens
- Alphabet stock sinks as search woes cause revenue miss, cash burn worsens
- Alphabet stock sinks as search woes cause revenue miss, cash burn worsens
- Alphabet stock sinks as search woes cause revenue miss, cash burn worsens
- Alphabet stock sinks as search woes cause revenue miss, cash burn worsens
- Alphabet’s Revenue Rises 25% as Profit Falls
- Alphabet’s Revenue Rises 25% as Profit Falls
- Alphabet’s Revenue Rises 25% as Profit Falls
- Google Shares Fall 10% as Growth in Search Revenue Slows
- Alphabet’s Revenue Rises 25% as Profit Falls