Alphabet Shares Plunge Post-Earnings
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cloud revenueYahoo Finance
•Alphabet stock gets rocked after cloud computing and spending surprise: What Wall Street is saying
85% Informative
Alphabet (GOOGL) is now in the penalty box.
Shares tanked 8% in pre-market trading on Wednesday following a fourth quarter revenue miss.
Softer than expected sales in cloud services and a deceleration in the business from the preceding quarter .
CFO Anat Ashkenazi pinned the blame on being "capacity constrained" in the cloud, pointing to still strong demand.
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