Alphabet Crashed Over 8% in Morning Trading After Showing Its Disappointing Cloud Unit Results

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Alphabet Crashed Over 8% in Morning Trading After Showing Its Disappointing Cloud Unit Results

Tiger Newspress2023-10-25

Alphabet crashed over 8% in morning trading.

It posted earnings in the third quarter that beat analysts’ estimates but Google Cloud revenue grew just 22% to $8.4 billion, missing forecasts of $8.6 billion and slowing from 28% in the previous quarter.

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