On October 29, Alphabet falls 10.28% in Pre-Market Trading, trading at $287.6/share, with turnover of $67.9792 million.
The move was driven by its latest quarterly results, which missed market expectations on revenue and earnings, while free cash flow turned sharply negative and management indicated capital spending will remain elevated.
Alphabet reported Q3 revenue of $127.58 billion, up 25% year over year but below the $128.20 billion consensus, while EPS of $2.12 missed expectations near $3.02. Advertising revenue was $82.0 billion versus a roughly $83.7 billion expectation, and net profit fell to about $26.2 billion. Free cash flow dropped to negative $9.07 billion, far weaker than expected, as management said TPU inventory build and system expansion weighed on operating cash flow. The company also said 2027 capital expenditure will increase materially, reinforcing investor concerns that heavy AI investment is arriving faster than monetization, even as cloud revenue more than doubled.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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