Alphabet Shares Drop Over 10% After Profit Miss and Ad Slowdown
Alphabet, Google's parent company, saw its shares fall more than 10% in after-hours trading following a reported 25% drop in net profit to $26.2 billion for July-September, missing analyst expectations. Revenue rose 25% to $127.6 billion, slightly below forecasts, with advertising revenue up 11% but still underperforming. The company also recorded an $8.7 billion loss on equity investments, mainly due to its stake in SpaceX. Alphabet continues heavy AI spending, launching Gemini 4 Argon with cybersecurity features.
Hindu Tech·


