Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) stock price dropped 7% during after-hours trading on Tuesday, Oct. 25, following the release of its third-quarter report. The tech giant's revenue rose 6% year over year to $69.1 billion, but missed analysts' estimates by $1.6 billion. Its net income fell 27% to $13.9 billion, or $1.06 per share, which also missed the consensus forecast by $0.19.
Those headline numbers were disappointing, but does Alphabet's post-earnings pullback represent a good buying opportunity for long-term investors? Let's review its near-term challenges to decide.
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