Google-parent Alphabet Struggles in Cloud Business as Competitors Thrive Slowing Growth in Cloud Business Google-parent Alphabet‘s cloud business, Google Cloud, experienced its slowest growth in 10 quarters, leading to a 5.7% drop in the company’s stock after hours. Despite surpassing Wall Street estimates for profit and sales, investors were disappointed by the sluggish performance of […]
Alphabet Earnings: Google Parent Stock Slides Despite Profit, Sales Beats Google‘s parent company, Alphabet, posted its third-quarter earnings report, surpassing sales expectations but disappointing investors as the stock experienced a decline. The company reported earnings per share of $1.55 and sales of $76.6 billion, exceeding analyst projections of $1.46 and $76 billion, respectively. The strong […]
