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Google ad sales take a hit and widely miss estimates, Alphabet stock drops 6%

Por: MarketWatch Politics October 25, 2022

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Analysts surveyed by FactSet had estimated net income of $1.26 a share on ex-TAC revenue of $58.2 billion and overall revenue of $71 billion. Alphabet shares slipped 6% in after-hours trading immediately following the release of the results, after closing with a 2% increase at $104.48. The results, which missed in several key product categories, further rattled investors, already spooked by poor quarterly results last week from Snap Inc.  .... + full article



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