
Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) shares are trading lower Wednesday after the company reported worse-than-expected financial results.
Alphabet said first-quarter revenue increased 23% year-over-year to $68.01 billion, which came in below the $68.04 billion estimate, according to data from Benzinga Pro. The company reported 34% revenue growth in the same period last year.