Alphabet’s Earnings Crushed. The Stock Is Wobbling.

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https://www.barrons.com/articles/alphabet-stock-google-earnings-51635280754


Updated Oct. 26, 2021 7:32 pm ET / Original Oct. 26, 2021 4:39 pm ET

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Shares of Google’s parent Alphabet wobbled in extended trading Tuesday even after the technology giant soundly beat expectations for earnings and revenue.

Alphabet (ticker: GOOGL) reported net income of $18.94 billion, or $27.99 a share, for the third quarter. Revenue jumped 41% year over year to $65.12 billion. Wall Street’s consensus estimate called for earnings of $23.73 a share and revenue of $63.53 billion, according to FactSet.

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