Technology

Google parent Alphabet misses quarterly revenue estimates

Revenue rose 12% to $96.47 billion in the fourth quarter, compared with the average analyst estimate of $96.56 billion, according to data compiled by LSEG.

Alphabet missed Wall Street estimates for quarterly revenue on Tuesday, in a sign the Google parent was taking a hit from increased competition in the digital advertising market and a slowdown in its cloud computing business. Revenue rose 12% to $96.47 billion in the fourth quarter, compared with the average analyst estimate of $96.

56 billion, according to data compiled by LSEG. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories.