Alphabet Stock Tumbles: This Is A Buying Opportunity?
Alphabet Inc. aka Google reported strong Q3 earnings, beating estimates and showing growth in ad revenue.Despite the positive results, Alphabet's shares dropped 6% in after-hours trading.The share price decline presents a buying opportunity, as Alphabet is attractively priced and has strong operational results. sjharmon/E+ via Getty Images Article Thesis Alphabet Inc. aka Google reported its most recent quarterly results on Tuesday evening. The company beat estimates easily and reported great ad revenue growth, and yet shares slumped by 6% in after-hours trading. I believe that this does not make a lot of sense and that Alphabet is attractively priced right here. What Happened?Alphabet Inc. reported its third-quarter earnings results on Tuesday evening. The company's shares are down 6% in after-hours trading at the time of writing. What caused this share price slump?The answer is no -- Alphabet beat estimates easily, by almost $1 billion. Did Alphabet miss profit estimates?Again, th