Alphabet Reports Third-Quarter Earnings; Rare Miss Weighs on Shares
Alphabet reported operating profit of about $41 billion, up from $31 billion a year earlier, on sales of $128 billion, up 25%. The headline reports a rare quarterly earnings miss; the body is truncated before details on SpaceX.
By Al RootAlphabet stock plunged after a rare quarterly earnings miss. SpaceX didn't help the situation.Wednesday evening, Alphabet reported operating profit of about $41 billion, up from $31 billion a year ago, on sales of $128 billion, up 25% from a year ago.Sales were in line with Wall Street es…