News Formal

Alphabet’s stock sinks toward worst day in a year after ‘evasive’ earnings call

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Emily Bary is a MarketWatch news editor based in New York.

Alphabet Inc. shares GOOG, -8.52% GOOGL, -8.46% are on track to log their worst one-day performance in a year Wednesday in the wake of the company’s latest earnings report, which brought a disappointing performance for the Google Cloud business. Alphabet’s Class A shares were off 8.5% and on pace for their largest single-day drop since they shed 9.1% on Oct. 26, 2022.

Alphabet’s Tuesday afternoon report drew a downgrade from at least one analyst. “In our view, the tone of the call was riddled with evasive commentary with no clear path forward during a period that increasingly demands major AI investments, combined with the risk of stronger competitors and a darkening macro environment,” wrote Brian White of Monness, Crespi, Hardt & Co. as he cut his rating on the stock to neutral from buy.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 3. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Salesforce, Unity see their stocks fall after Piper Sandler abandons bullish stanceEmily Bary is a MarketWatch news editor based in New York.
ソース: MarketWatch - 🏆 3. / 97 続きを読む »

Spotify beats subscriber expectations, but stock drops after earningsEmily Bary is a MarketWatch news editor based in New York.
ソース: MarketWatch - 🏆 3. / 97 続きを読む »