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Alphabet shares fall more than 10% in Wednesday after-hours trading on earnings miss and advertising slowdown

MarketWatch +5 · ·by G4L

GOOGL Alphabet Inc
$288.15 +1.18%
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GOOG +0.73% SPCX +5.81% AAPL +2.43% MSFT +2.75% AMZN +2.94%
  1. 1Alphabet shares recorded a decline of more than 10% in Wednesday after-hours trading.
  2. 2Alphabet reported a 25% decrease in net income to $26.2 billion for the July-September period.
  3. 3Alphabet recorded an $8.7 billion equity investment loss during the July-September period.

So what's the key point?

Alphabet's stock price fell by more than 10% because its earnings decreased and advertising slowed down. The company's profits declined due to losses from its investments.

Source MarketWatch +5 · View original ↗

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