- Alphabet Q3 operating profit: almost $41 billion, up 30% year over year.
Alphabet shares fell 13% to $282.32 after Q3 operating profit of $41 billion missed estimates by $2 billion, erasing $560 billion in market value. Ad growth slowed, but cloud revenue more than doubled. Barron's says the stock's 18 times forward multiple, a record discount to Apple, supports upside to $400.
One free account opens every story complete, the live board, the 30-day calendar, a watchlist and breaking alerts on your phone. No card. The wire stays free to read.