Why Alphabet Stock Lost 10% This Week
It's rare for a company as large as Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) to move by double digits in a week, but that's exactly what happened following the Google parent's earnings report Tuesday night. While Alphabet actually beat estimates on the top and bottom lines, investors seemed disappointed with weaker-than-expected results from its cloud division and a narrower operating margin than analysts had forecast.
According to data from S&P Global Market Intelligence, shares of Alphabet's Class A (NASDAQ: GOOGL) stock were down 10% as of Thursday at 1:22 p.m. ET.
Image source: Getty Images.
Source Fool.com
Alphabet Inc. A Aktie
308,80 €
6,79 %
Hohe Buy- und niedrige Sell-Zahlen bei Alphabet Inc. A zeigen ein stark positives Sentiment.
Ein positives Kurspotenzial für Alphabet Inc. A ist gegeben, mit einem Kursziel von 334 € über dem aktuellen Kurs von 308.8 €.
