Author: Steven Goodstein

Alphabet Shares Plunge Overnight on Revenue Miss, RBC Still Sees ‘Consistent, Robust’ Fundamentals

Alphabet Shares Plunge Overnight on Revenue Miss, RBC Still Sees ‘Consistent, Robust’ Fundamentals

Alphabet (GOOG) shares are down more than 5% in pre-bell after reporting revenue that missed expectations after the close on Thursday, but RBC analysts are less bearish on the stock as growth continues. Third-quarter revenue came in at $33.7 billion, up from $27.8 billion during the same quarter last year, but below consensus compiled by Capital IQ for $34 billion. […]