Why Alphabet Stock Crashed Today
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) stock tumbled 7.4% through 11:20 a.m. ET Thursday despite absolutely steamrolling analyst forecasts for Q2 earnings. Expected to earn just $2.88 per share on $116.5 billion in sales, Alphabet reported profits of $9.11, and sales of $119.8 billion -- both well ahead of expectations.
So why is Alphabet stock crashing in response?
Image source: Google.
Source Fool.com
Alphabet Inc. A Stock
€308.80
6.790%
With 165 Buy predictions and 2 Sell predictions Alphabet Inc. A is one of the favorites of our community.
With a target price of 334 € there is a slightly positive potential of 8.16% for Alphabet Inc. A compared to the current price of 308.8 €.
