USSTOCK.TODAY
Pre-Market
Log in Sign up

Alphabet Cloud revenue grew 103% but stock price fell

The Motley Fool +1 · ·by G4L

GOOGL Alphabet Inc
$293.45 +2.11%
View chart & analysis →
GOOG +2.00%
  1. 1Alphabet released its third-quarter results on October 28.
  2. 2Google Cloud revenue recorded a 103% growth rate compared to the previous year in the third quarter.
  3. 3Alphabet's stock price showed a decline of more than 10% following the earnings announcement.

So what's the key point?

Alphabet's Google Cloud revenue grew by 103%. However, the stock price fell by more than 10% after the earnings announcement.

Source The Motley Fool +1 · View original ↗

Related 3-line summaries

Alphabet faces sharp drop in free cash flow despite Google Cloud growth The Motley Fool +1 · 14h agoAnthropic pursues IPO with launch of Microsoft Office competitor Quartz +3 · yesterdayAmazon and Alphabet Secure AI Opportunities Based on Stable Business Foundations The Motley Fool +1 · yesterday
Today's 5 AI picks, all free
Nothing hidden: past picks and how they did against the S&P 500.
See today's picks →
← Back to news