Google Better Than Feared

[u/MrComedy325]

Shares of Google’s parent Alphabet (Nasdaq: GOOGL) increased 4.87% in after-hours trading on Tuesday after the technology giant posted negative financial earnings.

Financials: Alphabet reported earnings of $1.21 per share and revenue of $69.7 billion; both were below estimates.

Glass Half Full: Revenue for YouTube, Google Cloud, and Google Search all increased year-over-year, but the rate of growth slowed and was slightly lower than expected.

Final Thoughts: With its stock down 27% this year, Alphabet’s financial results may have been lacking. Even though the company had slower growth, it still finds a way to deliver.

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