Alphabet missed revenue and earnings expectations for the second quarter. Alphabet is the parent company of Google, and they also own YouTube. The company had $1.21 earnings per share vs. the $1.28 expected. They had $69.69 billion in revenue, vs. the $69.9 billion expected. The stock still rose over 4% in extended trading despite these misses. Revenue growth did slow to 13%, down from 62% a year ago. At that time, the company was massively benefiting from the pandemic reopening. YouTube also only had a 5% rise in sales, while having a 84% rise just a year ago.
Source: https://www.cnbc.com/2022/07/26/alphabet-is-set-to-report-q2-earnings-after-the-bell-.html
