Cramer blames Alphabet's earnings slump on 'sloppy execution, bad salesmanship' and 'hungrier, more-savvy competitors'

"But instead, it seems like this company has become constitutionally incapable of admitting that they let anybody down," he said.

Google's ad revenue grew 15% in the first quarter, slower than the 24% increase in the segment the year prior. Amazon and Facebook met and exceeded, respectively, revenue expectations in their reporting periods. Alphabet has also dodged the reality that it trails in the cloud space behind Amazon's Web Services and's Azure, the host said. The company is now spending billions of dollars to partner with third parties to stay in competition, he pointed out, adding more weight to its operating expenses.

Google is maxed out and the CEO is not paying attention.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Cramer: Be wary of stocks that rally into earnings reports, like Google-parent Alphabet did'A gentle dip ahead of earnings can be the best vaccination against a sell-off,' Jim Cramer says. This is not a true statement. alphabet had a lousy earning.
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »

General Electric shares pop nearly 5% on earnings beat—Cramer and other experts reactThe industrial giant topped earnings and revenue expectations and reaffirmed its forecast for the rest of the year. Many people are making the same mistake over and over again by keeping their crypto online on different clod wallets or exchanges. Be smart and get a best hardware wallet in the world. Ledger Nano X now.
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »

Cramer Remix: Stocks are bearing the fruits of fear this earnings seasonJim Cramer dishes on how low expectations have set the scene for positive first-quarter earnings.
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »