(GOOGL) stock is falling, reversing a small gain it saw immediately following its better-than-expected second-quarter earnings results, even though analysts are singing its praises. The company (ticker: GOOGL), Google’s parent, was able to beat reduced top- and bottom-line expectations in its most recent report, while highlighting a big jump in revenue for its cloud division and a new $28 billion share-repurchase program. Alphabet was the only one of the four— (AAPL) (AAPL), (FB) (FB), and (AMZN) (AMZN) were the others—to see its top line shrink. Read More...
(GOOGL) stock is falling, reversing a small gain it saw immediately following its better-than-expected second-quarter earnings results, even though analysts are singing its praises. The company (ticker: GOOGL), Google’s parent, was able to beat reduced top- and bottom-line expectations in its most recent report, while highlighting a big jump in revenue for its cloud division and a new $28 billion share-repurchase program. Alphabet was the only one of the four— (AAPL) (AAPL), (FB) (FB), and (AMZN) (AMZN) were the others—to see its top line shrink.
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