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. […]