00:00Alphabet plunged 12.31% today. What happened? The sell-off followed Alphabet's quarterly
00:07results. In its SEC filing, the company reported earnings per share of 2.12, compared with an
00:15estimate of 3.11. That shortfall overshadowed the growth highlighted in the release, including
00:22stronger revenue across the business. The key takeaway is that investors were reacting to
00:28earnings coming in well below expectations, even as Alphabet presented solid operating
00:34growth in several areas. Communication services fell 1.87% today, so this went much further
00:43than the sector did. A new post-market recap every trading day.
Comments