(CNBC) Alphabet shares dropped about 7% in extended trading on Tuesday after the company reported weaker-than-expected earnings and revenue for the third quarter and said it would significantly decrease headcount growth. Revenue growth slowed to 6% from 41% a year earlier as the company contends with a continued downdraft in online ad spending. Other than one period early in the pandemic, it’s the weakest period for growth since 2013.
Alphabet misses on earnings as YouTube shrinks; company will cut headcount growth by half in Q4
This entry was posted in Syndicated. Bookmark the permalink.
