Google earnings crushed forecasts — but a $10 billion capex increase is spooking Wall Street

Google earnings crushed forecasts — but a $10 billion capex increase is spooking Wall Street

Mateusz Wlodarczyk/NurPhoto via Getty Images

Google's parent company Alphabet beat analyst estimates for its second-quarter earnings on Wednesday, but its stock faltered after Alphabet reported it would increase its capital expenditures by $10 billion this year.

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