CNBC October 25, 2023
Key Points
– Shares of Alphabet dipped about 8% when the market opened on Wednesday, a day after the company posted third-quarter earnings that missed analyst estimates for Google Cloud revenue.
– Its miss on revenue from Google Cloud came in stark contrast to Microsoft’s earnings, which showed accelerated growth in its Intelligent Cloud business
– The company beat Wall Street expectations for both revenue and earnings per share.
Shares of Alphabet dipped about 8% Wednesday morning, a day after the company posted third-quarter earnings that missed analyst estimates for Google Cloud revenue.
The company beat Wall Street expectations for both revenue and earnings per share, but its miss on revenue from Google Cloud came in stark contrast to Microsoft’s...
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