Alphabet set to report Q3 earnings after the bell as shaky AI trade looks for signs of strength - CNBC — SkimNews
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- Alphabet was set to report third-quarter earnings after the bell, with the shaky AI trade awaiting signs of strength.
- Alphabet missed expectations on Q3 sales, and its stock plunged.
- Alphabet reported disappointing Q3 revenue and income, while its shares dropped.
- Alphabet shifted capital allocation from buybacks to data centers.
Why it matters: Alphabet shareholders bore the immediate consequence of the after-bell Q3 report: sales missed expectations, revenue and income disappointed, and shares dropped. Alongside that miss, Alphabet swapped buybacks for data centers, so the disclosure paired weaker financial results with a material change in capital allocation.
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