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Alphabet disappoints with results and shares fall on doubts over AI profitability

TechnologyInternationalBloomberg Línea30 s readAI summary
Image: Bloomberg Línea

Alphabet reported sales of US$111.2 billion, excluding payments to partners, below the US$111.3 billion analysts expected, and net income of US$2.12 per share versus the US$2.99 estimate. Its shares fell as much as 8.5% in after-hours trading. The Google parent posted a US$8.7 billion loss on its equity investments and negative free cash flow of US$9.1 billion, while raising capital spending to US$205 billion this year.

In 30 seconds

  • Sales of US$111.2 billion and earnings of US$2.12 per share, below analyst estimates
  • Shares fell as much as 8.5% in after-hours trading
  • Equity investments produced a US$8.7 billion loss in the quarter
Read the full story at Bloomberg Línea

IASummary generated by artificial intelligence from a story by Bloomberg Línea. It may contain errors: the original source prevails.

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