Alphabet down premarket after Q4 earnings beat. What’s happening
Alphabet’s shares closed largely flat on Thursday after the company beat Wall Street’s expectations on earnings and revenue, with artificial intelligence spending projected to increase hugely this year.
The Google parent closed nearly 2% lower on Wednesday. After the bell, Alphabet reported fourth-quarter revenue of $113.83 billion, above the $111.43 billion estimate from analysts polled by LSEG.
Its Google Cloud division had $17.66 billion in revenue versus a forecast of $16.18 billion, according to StreetAccount. YouTube Advertising posted $11.38 billion in revenue versus the estimated $11.84 billion.
The tech giant said it would significantly increase its 2026 capital expenditure to between $175 billion and $185 billion — more than…
