
Google-parent Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) reported quarterly revenue at $69.7 billion, up 13% year-over-year but short of Street expectations of $69.88 billion. The company’s profits fell to $16 billion, or $1.21 per share, below the consensus estimate of $1.29 per share.
Raymond James On Alphabet
Analyst Aaron Kessler maintained an Outperform rating while lowering the price target from $159 to $143.