Tuesday, May 03, 2022

Fickle market

According to Financial Times:

Shares in the Google parent fell more than 5 per cent in after-hours trading after Alphabet reported a 23 per cent increase in revenue in the three months to the end of March, to $68bn, slightly below forecasts for $68.1bn. A year prior, revenues had increased 34 per cent. Net profits fell 8 per cent from a year ago to $16.4bn.

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