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Alphabet shares plunge over 10% as Google's AI search struggles to make money

· techspot.com · popularity 20/100 · 0 similar stories today · Entrepreneurship & Startups (Business & Finance)

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Summary

Alphabet reported quarterly revenue of $127.6 billion, up 25% year over year, but earnings of $2.12 per share missed expectations of around $3.01. Its net income fell to $26.2 billion, though an $8.7 billion loss on equity investments contributed to the decline. Read Entire Article

Found in: TechSpot. Rating basis: single outlet; outlet tier 2 (unlisted); 1 feeds; feed position 6.