Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Is Alphabet's Stock a Buy Now?

TheMotleyFool

0 0

Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) stock price dipped 3% during after-hours trading on April 26 following the release of its first-quarter earnings report.

The tech giant's revenue rose 23% year over year to $68.01 billion, which missed analysts' estimates by $90 million. Its net income fell 8% to $16.44 billion, or $24.62 per share, which also missed the consensus forecast by $1.14. That represented its first-bottom line miss in two years.

Alphabet's stock had already declined with the broader tech sector this year as inflation, rising interest rates, and other macro headwinds drove investors away from higher-growth stocks. Following its post-earnings dip, it's shed about 20% of its value since the beginning of 2022.

Source Fool.com

Like: 0

GOOG

Share