GOOGL Stock Crashes as Alphabet Misses Quarterly Revenue Estimates
Photo: The Coin Republic
Key Insights Google stock (GOOGL) price plunged after Alphabet missed quarterly revenue expectations. Google Cloud revenue surged 103%, reaching $30.71 billion quarterly. Alphabet reported lower earnings, while Search and YouTube missed estimates. GOOGL stock fell sharply after Alphabet missed third-quarter revenue expectations, despite record sales and rapid growth at Google Cloud. The GOOGL stock price dropped 9.74% in after-hours trading to $293.80, following a regular-session close of $324.89. Alphabet reported $127.58 billion in revenue, below the $127.93 billion estimate. Its results also showed weaker-than-expected Search and YouTube advertising revenue, alongside lower earnings per share.
Source: The Coin Republic
