PANews
PANews|Oct 28, 2026 20:26
[Alphabet's Q3 Profit Misses Expectations, Shares Plunge Over 6% in After-Hours Trading] According to Bloomberg, Alphabet's third-quarter revenue and profit both missed market expectations, causing its shares to fall more than 6% in after-hours trading. Reuters reported that Alphabet's free cash flow for the quarter was -$9.07 billion, a record cash burn, compared to analysts' expectations of approximately -$36 million. Alphabet's revenue for the quarter was $127.6 billion, with net income of $26.2 billion and earnings per share of $2.12, about $0.90 below expectations. Google Cloud revenue more than doubled year-over-year to $30.7 billion, exceeding the expected $29.6 billion.
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