March 27, 2023
1026 google office melbourne 960

Alphabet’s revenue grows, but profits continue to shrink

Alphabet, the parent company of Google, announced its third-quarter earnings on Tuesday (10/25), showing that the quarter recorded $69.1 billion in revenue, up 6 percent, but net income was $13.9 billion, down from $18.9 billion in the same period last year. Shares of Alphabet fell more than 6 percent to $97.95 in after-hours trading, as neither revenue nor profit met Wall Street analysts’ expectations.

Ewen Eagle

I am the founder of Urbantechstory, a Technology based blog. where you find all kinds of trending technology, gaming news, and much more.

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