Alphabet third quarter results follow industry-wide trend of falling revenue

Shares of Google’s parent company were down 5% in after hours trading as firm misses analyst estimates of $70.9bn at $69bn

Alphabet revenue fell below analysts’ expectations in the third quarter, it announced Tuesday, as it continues to weather an industry-wide tech slowdown.

The company reported a third quarter revenue of $69bn, up 6% from last year but lower than analyst estimates of $70.9bn.

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Shares of Google’s parent company were down 5% in after hours trading as firm misses analyst estimates of $70.9bn at $69bn
Alphabet revenue fell below analysts’ expectations in the third quarter, it announced Tuesday, as it continues to weather an industry-wide tech slowdown.
The company reported a third quarter revenue of $69bn, up 6% from last year but lower than analyst estimates of $70.9bn. Continue reading…Technology | The Guardian

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