Alphabet revenues are up 22% but the stock is still dropping

Despite delivering a Q4 earnings beat, Google parent company Alphabet’s stock is dropping. The company reported revenue of $39.3 billion, up 22 percent year-over-year with an EPS of $12.77. Alphabet stock dropped as much as 4 percent in after-hours trading. “Other” revenues (Cloud, hardware) were reported at $6.49 billion, up 31 percent year-over-year. “Other Bets,” which includes […]...