Alphabet earnings miss, driving down shares 2%

Alphabet Inc., the parent company of Google, reported a third-quarter earnings miss that sent its stock down 2% in after-hours trading on Monday.

Google properties led the way in revenue with $28.65 billion, up 19% from $24.05 billion in the year-ago quarter. Google ad revenue improved 17% to $33.9 billion. The company also announced a repurchase of up to an additional $25 billion of its Class C stock.Google’s “other revenue,” which includes hardware like its Pixel phones and cloud products, jumped 39% to $6.43 billion.

“I am extremely pleased with the progress we made across the board in the third quarter, from our recent advancements in search and quantum computing to our strong revenue growth driven by mobile search, YouTube and Cloud,” Google Chief Executive Sundar Pichai said in a statement announcing the results.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Alphabet dips on earnings missAlphabet missed earnings expectations, sending the stock down after hours
Source: CNBC - 🏆 12. / 72 Read more »

Alphabet earnings reaction, housing data: 3 things to watch in Tuesday's marketsWe'll get Wall Street's reaction to Alphabet earnings, earnings from General Motors and Mastercard and a slew of economic data on Tuesday.
Source: CNBC - 🏆 12. / 72 Read more »

Here's why traders are betting on Alphabet into earningsAlphabet is gearing up to report earnings, and Todd Gordon of TradingAnalysis.com and Mark Tepper of Strategic Wealth Partners both see the stock as a buy. TradingNation Hep dinleme bunlar bzzzzz〰️bağ 👆he he kapı aq TradingNation I want to see revenue from foreign-government-owned entities called out separately.
Source: CNBC - 🏆 12. / 72 Read more »

Alphabet to report third-quarter earnings after the bellAnalysts expected Alphabet to gain on another strong quarter of sales.
Source: CNBC - 🏆 12. / 72 Read more »

LIVE: Here come Alphabet's earningsGoogle's parent company is reporting its third-quarter results on Monday. Wall Street is expecting strong sales but declining earnings.
Source: BusinessInsider - 🏆 729. / 51 Read more »