Inflation and war in Ukraine fuel Google parent company’s first-quarter struggles
Alphabet’s first quarter revenue fell below analysts’ expectations on Tuesday, as the company struggles with slower-than-anticipated growth influenced by supply chain struggles, inflation, and the war in Ukraine.
In its quarterly earnings report, Google’s parent company said it had made quarterly profit of $16.436bn, or $24.62 per share, missing expectations of $25.76 per share. Alphabet shares fell 4.3% in after-hours trading.
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Inflation and war in Ukraine fuel Google parent company’s first-quarter struggles
Alphabet’s first quarter revenue fell below analysts’ expectations on Tuesday, as the company struggles with slower-than-anticipated growth influenced by supply chain struggles, inflation, and the war in Ukraine.
In its quarterly earnings report, Google’s parent company said it had made quarterly profit of $16.436bn, or $24.62 per share, missing expectations of $25.76 per share. Alphabet shares fell 4.3% in after-hours trading. Continue reading…Technology | The Guardian