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Alphabet shares slide after earnings miss as markets turn mixed

Technology · First reported 28 Oct, 22:52 · Updated 05:03

Image: Wikimedia Commons · NASA Johnson Space Center · Public domain

Alphabet shares fell sharply in after-hours trading after its revenue and profit missed expectations, with coverage focusing on AI investment and cash flow. Other markets were mixed, while Microsoft shares rose after better-than-expected results.

  • Alphabet shares dropped about 10% in after-hours trading after revenue fell short of expectations; the detailed report also says profit missed estimates.
  • The detailed report says Alphabet had $9.07 billion in negative free cash flow and third-quarter revenue of $127.6 billion, below the cited analyst estimate of $128.2 billion.
  • Microsoft shares gained nearly 3% after-hours, while major US stock indexes posted modest gains during Wednesday trading.
Summary written by Lux AI from 2 articles

Key facts

Alphabet after-hours shares
Down about 10% in the centre report; more than 10% in the right-side report.
Alphabet third-quarter revenue
$127.6 billion, versus a cited analyst estimate of $128.2 billion.
Negative free cash flow
$9.07 billion.
Google Cloud third-quarter revenue
$30.71 billion, more than double the prior-year figure according to the report.
Microsoft after-hours shares
Up nearly 3%.

Source spectrum

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Left 0 · Centre 1 · Right 1 of 2 rated sources

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All coverage

Coverage over time

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Articles per hour since first reported, by side.

Ownership

  • Corporation 50% (1)
  • Billionaire 50% (1)

Share of the 2 sources by owner type.