Alphabet’s Earnings Crushed. The Stock Is Wobbling.
- Order Reprints
- Print Article
Shares of Google’s parent Alphabet wobbled in extended trading Tuesday even after the technology giant soundly beat expectations for earnings and revenue.
Alphabet (ticker: GOOGL) reported net income of $18.94 billion, or $27.99 a share, for the third quarter. Revenue jumped 41% year over year to $65.12 billion. Wall Street’s consensus estimate called for earnings of $23.73 a share and revenue of $63.53 billion, according to FactSet.
Alphabet...