Investors turn on Google owner Alphabet after profit miss, ad slowdown and high spending
Net profit slid 25% from a year earlier to $26.2bn, well short of expectations, though revenue rose to $127.6bn Shares in Google parent Alphabet fell more than 10% in after-hours trading Wednesday, erasing tens of billions of dollars in stock market value from the $4tn tech giant. The company had reported lower-than-expected profit and a slowdown in its advertising business while it maintained big spending on AI.…
बातमीचा सारांश
Net profit slid 25% from a year earlier to $26.2bn, well short of expectations, though revenue rose to $127.6bn Shares in Google parent Alphabet fell more than 10% in after-hours trading Wednesday, erasing tens of billions of dollars in stock market value from the $4tn tech giant. The company had reported lower-than-expected profit and a slowdown in its advertising business while it maintained big spending on AI.…
विश्वसनीय प्रकाशकांच्या ताज्या बातम्या संक्षिप्त सारांशासह वाचा. तपशीलांसाठी मूळ स्रोताची लिंक उघडा.