Alphabet Shares Tumble 10% After Revenue and Profit Miss Estimates
Alphabet reported weakness in its core advertising and search businesses alongside AI development spending. Its third-quarter revenue and profit missed Wall Street expectations.
Alphabet Inc. (GOOGL) shares tumbled 10% in overnight trading late on Wednesday after it reported weakness in its core advertising and search businesses alongside spending on AI development, with its third-quarter revenue and profit missing Wall Street expectations.The figures called into question…