Alphabet earnings miss estimates, cash outflows accelerate; stock falls more than 10%

The story

According to the third-quarter results released by Alphabet, the US-based parent company of Google, its core search advertising business struggled to grow, causing total revenue to fall short of market expectations.

The results cover the period from July through September, and trends in the company's core source of revenue are reported to be drawing investor attention. Current reports do not specify the detailed impact on other segments or provide additional financial metrics in the article.

At a glance

Overview of eventAlphabet's third-quarter earnings came in below market expectations for revenue

Factors affecting resultsWeak growth in core search advertising was cited as a factor behind the revenue shortfall

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