Alphabet's Earnings Don't Tell the Whole Story
Google-parent Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) reported the results of its third quarter, and the market shrugged. While revenue growth was strong, profits fell far short of expectations.
Shareholders were initially disappointed at the results, with shares slipping about 2%. However, a careful review of the underlying information shows that things aren't what they appeared. Let's dig a little deeper into the results, which shows that investors' first impressions were based on a misreading of the numbers.
Image source: Google.https://www.blog.google/press/
Source Fool.com
