Alphabet Stock Sinks After Earnings Miss

Alphabet shares fell more than 9% after reporting third-quarter adjusted earnings of $2.67 per share, missing the $3.02 target. Revenue reached $127.58 billion versus a $128.22 billion forecast, while net income dropped to $26.17 billion. Free cash flow turned negative at $9.07 billion, and capital expenditures totaled $51.36 billion against a $55.09 billion expectation.