Google earnings signal company weathering slowdown better than expected

Google earnings signal company weathering slowdown better than expected

Parent company Alphabet reports second-quarter revenue of $69.69bn, 13% higher than a year ago

Alphabet only narrowly missed estimates for its quarterly revenue on Tuesday, a sign the tech giant may weather an industry-wide slowdown better than expected.

Alphabet reported second-quarter revenue of $69.69bn, 13% higher than same period a year ago, and nearly in line with the average expectation of $69.88bn among investment researchers tracked by Refinitiv.

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