Reported about 3 hours ago
Alphabet's stock dropped by 8% in pre-market trading after a disappointing fourth quarter, primarily due to lower-than-expected cloud services sales and raised capital expenditure forecasts for 2025. While the search and YouTube ad revenues showed growth, analysts expressed concerns over the company's cloud growth deceleration and the significant increase in its planned capital expenditures, prompting a reassessment of future revenue and profit estimates.
Source: YAHOO