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Alphabet’s Earnings and Profit Miss the Mark, AI Investments Struggle to Deliver Returns
1 day ago /
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Author：小编
On October 28 (local time), Alphabet, Google’s parent company, published its financial results for the quarter ending September 30. The report revealed that both its key revenue figures and earnings per share fell below analyst forecasts. As Alphabet ramps up its focus on artificial intelligence, capital expenditures have surged to an all-time high. However, the returns from these investments have not yet matched the scale of spending. Following the earnings release, Alphabet’s stock price temporarily fell by 7.9% in after-hours trading.
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