Alphabet stock tumbles after cloud revenue miss, spending growth

4 days ago · For the quarter Alphabet reported earnings per share (EPS) of $2.15 on revenue of $96.4. Analysts were looking for EPS of $2.13 and revenue of $96.6 billion.

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$2.15
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Alphabet Stock Tumbles After Cloud Revenue Miss, Spending Growth

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4 days ago · For the quarter Alphabet reported earnings per share (EPS) of $2.15 on revenue of $96.4. Analysts were looking for EPS of $2.13 and revenue of $96.6 billion.

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$187.12
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Alphabet Slides After Cloud Sales Fall Short Of Expectations

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3 days ago · Alphabet fell as low as US$187.12 in extended trading, after closing at US$206.38. Quarterly sales, excluding partner payouts, were US$81.6 billion, Alphabet said Feb 4 in a …

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Google-parent Alphabet Shares Fall 9.5% For Their Worst Day Since …

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Oct 26, 2023 · Alphabet Inc., parent of search engine Google fell over 9.5% on Wednesday, marking its worst day since the Covid-19 pandemic of March 2020 after reporting a lower-than …

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Alphabet Stock Tumbles After Earnings. Why The Market Is ... - MSN

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Alphabet reported fourth-quarter earnings of $2.15 a share on revenue of $96.47 billion. Analysts surveyed by FactSet were expecting the Google parent to post earnings of $2.13 a share on …

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Alphabet Plummets Most Since 2020 After Cloud Earnings Shortfall

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(Bloomberg) -- Alphabet Inc. shares tumbled 9.5%, the most since March 2020, after the Google parent reported a smaller than expected profit in cloud computing, raising concerns about its …

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Alphabet Stock Tumbles After Earnings. Why The Market Is ... - Yahoo

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3 days ago · Alphabet Stock Tumbles After Earnings. Why the Market Is Disappointed. Cloud revenue in the quarter of $12 billion—a 30% increase from last year—just misses analysts’ …

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Alphabet Stock Tumbles After Cloud Revenue Miss, Cap-ex Growth

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Microsoft's cloud revenue jumped 21% year over year during its most recent quarter, climbing to $40 billion. Still, that was shy of Wall Street's expectations of $41.1 billion, sending shares of ...

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Alphabet Stock Tumbles After Earnings. The Google-Parent Is

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Alphabet stock tumbled in early Wednesday trading after earnings from the owner of Google beat Wall Street expectations but fell short on revenue. Shares were falling 8.3% to $189.33 and …

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Alphabet Stock Sinks 8% As AI Spending Surges And Revenue Falls …

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1 day ago · The decline, Alphabet’s steepest since October 2023, was triggered by a revenue shortfall despite surpassing earnings estimates. Investor concerns deepened as the company …

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FAQs about Alphabet stock tumbles after cloud revenue miss, spending growth Coupon?

Why did alphabet stock fall the most since March 2020?

Alphabet shares fell the most since March 2020 on Wednesday after revenue in the company’s Google Cloud unit trailed analyst estimates. The cloud miss was a stark contrast to Microsoft’s earnings, which showed accelerating growth in its Intelligent Cloud business. Alphabet beat Wall Street expectations for both revenue and earnings per share. ...

Why did alphabet stock drop in premarket trading?

(Bloomberg) -- Google parent Alphabet Inc.’s shares dropped in premarket trading after slower growth in its cloud business contributed to lower-than-expected revenue in the fourth quarter. Most Read from Bloomberg Quarterly sales, excluding partner payouts, were $81.6 billion, Alphabet said Tuesday in a statement. ...

Why did alphabet stock fall 7%?

Why the Market Is Disappointed. Alphabet stock tumbled 7% ahead of the open of trading Wednesday after earnings from the owner of Google beat Wall Street expectations but fell short on revenue. Cloud revenue growth decelerated in the fourth quarter, jumping 30% from a year earlier to $12 billion after a 35% rise in the previous quarter. ...

Why did alphabet's 'disappointing' earnings hurt Microsoft?

It comes after Microsoft said on Jan. 29, that revenue in the second quarter from Azure and other cloud services increased by 31%, compared with 33% one quarter earlier. D.A. Davidson analyst Gil Luria said Alphabet’s “disappointing” earnings were underscored by a miss on top-line expectations and decelerating cloud growth. ...

Why does alphabet's cloud growth matter?

Cloud growth is an important metric for Alphabet as it seeks to gain market share from rivals Amazon (AMZN) and Microsoft (MSFT). Microsoft's cloud revenue jumped 21% year over year during its most recent quarter, climbing to $40 billion. Still, that was shy of Wall Street's expectations of $41.1 billion, sending shares of the Windows maker lower. ...

Why did alphabet stock fall the most on Wednesday?

Google CEO Sundar Pichai. Alphabet shares fell the most on Wednesday since the start of the Covid pandemic after revenue in the company’s Google Cloud unit trailed analyst estimates. The stock closed down 9.5% to end at $125.61. It marked its steepest drop since a 12% slump on March 16, 2020, the early days of the pandemic shutdowns. ...