Alphabet’s Earnings Crushed. The Stock Is Wobbling.

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https://www.barrons.com/articles/alphabet-stock-google-earnings-51635280754


Updated Oct. 26, 2021 7:32 p.m. ET / Original Oct. 26, 2021 4:39 p.m. ET

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Shares of Google’s genitor Alphabet wobbled successful extended trading Tuesday adjacent aft the exertion elephantine soundly bushed expectations for net and revenue.

Alphabet (ticker: GOOGL) reported nett income of $18.94 billion, oregon $27.99 a share, for the 3rd quarter. Revenue jumped 41% twelvemonth implicit twelvemonth to $65.12 billion. Wall Street’s statement estimation called for net of $23.73 a stock and gross of $63.53 billion, according to FactSet.

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