Wed, 24 Jul 2024 13:31:22 GMT
Alphabet declines despite good results
The stock price of Google parent company Alphabet started the day's trading at $173.81, which is a decline of $8.00 or 4.40%, compared to Tuesday's closing price. This decline is attributed to increasing costs.
In general, Alphabet has beaten second quarter expectations for revenues and earnings per share. Revenues were estimated to be $84.22 billion instead of the actual $84.742