Alphabet Inc the parent of Google ( NASDAQ: GOOG, GOOGL) reported earnings after the close and earnings missed expectations. Shares of Alphabet hit a new all time high at $1,299.31 during the trading day.
- Google missed earnings expectations in Q3 2019, earning $10.12 per share vs $12.42 expected.
- Otherwise, the company’s earnings report was pretty much as investors expected.
- Alphabet shares dipped as much as 4% as the company missed expectations for earnings per share.
The Wall Street Journal reported that ad sales hit a record high but costs have gone up at the company.
Google’s parent also made some other news today offering to buy Fitbit which sent shares of Fitbit soaring.
