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Economic Indicators

Google parent Alphabet misses quarterly revenue estimates

04/26/2022

Less than a minute

2022.04.26 23:22

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Google parent Alphabet misses quarterly revenue estimates
FILE PHOTO: The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, U.S., November 17, 2021. REUTERS/Andrew Kelly

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(Reuters) – Google parent Alphabet (NASDAQ:GOOGL) Inc fell short of Wall Street estimates for quarterly on Tuesday, hit by moderating growth in its biggest business as advertisers cut back spending against the backdrop of rising worries of a global economic slowdown.

The world’s largest provider of search and video ads said revenue rose to $68.01 billion in the first quarter from $55.31 billion a year earlier, but missed estimates of $68.11 billion, according to IBES data from Refinitiv.

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04/26/2022

Less than a minute