Alphabet Shares Fall More Than 10% Premarket After Earnings Miss
Alphabet reported weakness in its advertising and search businesses, with revenue and profit below analysts’ expectations. Morningstar said the company’s AI strength remains intact.
Alphabet, Inc.’s (GOOGL) shares dropped more than 10% in early premarket trading on Thursday after it reported weakness in its core advertising and search businesses, with top and bottom lines below analysts' expectations.Morningstar said Alphabet’s AI strength remains intact. “We raise our fair va…