The class C shares (no vote) are down another $112.12 after hours (-4.69%) after falling $74.88 (-3.04%) during the regular session. The 2009 - 2022 bull market is over.
From the gamers at ShackNews, 1:17 pm PDT:
Despite a fairly good quarter, Google still came up shy of Wall Street expectations in both revenue and earnings-per-share.
It’s another quarter of earnings results and Google (GOOGL) is next on the block today. Parent company Alphabet reported on its recent quarter and while there was plenty to be happy about, it barely missed on a couple of important metrics. When it came down to the wire for Google’s Q1 2022 fiscal quarter, the company came up short on both revenue and earnings-per-share (EPS) against Wall Street’s projected numbers.
Google reported its Q1 2022 earnings results on April 26, 2022, alongside a conference call coming up....
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For the broader market, first comes p/e multiple contraction followed by revenues held up only by inflation and should we enter a recession, declining earnings.
