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Alphabet falls 10% in premarket, putting it on course for its biggest ever post-earnings drop
Alphabet shares were sharply down in premarket trading on Thursday while Microsoft rose as investors focused on the tech giants' latest spending and free cash flow numbers in their third-quarter earnings.
AI Summary
Alphabet shares fell sharply in pre‑market trading on Thursday as investors zeroed in on the tech giant’s third‑quarter spending and free‑cash‑flow results. If the stock ends the day more than 9.77% lower, it would mark its worst post‑earnings decline ever. At the same time, Microsoft shares rose, reflecting a contrasting market reaction to the earnings data. Alphabet, which went public in 2004, is seeing heightened scrutiny of its latest financial metrics.
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