Google Stock Sinks on Earnings Miss

Alphabet reported third-quarter results on Wednesday that fell short of analyst forecasts, causing its stock to drop about 10% in premarket trading on Thursday. Revenue rose 25% to $127.6 billion, below the $128.22 billion expected by analysts. Adjusted earnings were $2.67 a share against an expected $3.02, while net income fell to $26.2 billion from $35.0 billion a year earlier.