MARKET INSIGHT · EARNINGS INTELLIGENCEPolaris Earnings CalendarTrack market technicals, follow the S&P 500 outlook, stay ahead of company earnings, and explore crypto technicals—all in one place.

POLARIS EARNINGS CALENDAR

Alphabet's Free Cash Flow Is Declining Faster Than Analysts Expected. Is This AI Stock Still a Buy?

Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) stock fell sharply after the company reported its third-quarter results (ended Sept. 30), as investors processed several pieces of bad news. The first was that the company's search revenue of $63. 4 billion was below analysts' consensus estimate of $64. 5 billion. Fears that the company won't be able to monetize its AI Overviews as well as chatbots eating into its traditional search function weighed on its share price. Worse yet, Alphabet reported negative free cash flow of $9. 1 billion, far more than the $2. 7 billion drop analysts expected. Some shareholders viewed that information and immediately sold Alphabet stock .

Read the full account of the story

More from the AI desk

More from AI · Back to Polaris Earnings Calendar