Google earnings crushed forecasts &mdash; 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.

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

No comments

Read more

Korean Air is giving Boeing a $36 billion boost

Working for yourself is not a risky bet—it’s a smart one

My mom was my best friend, so it made sense for me to quit my stressful job so we could spend the last few months of her life together

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

Supreme Court allows Trump to fire members of product safety agency

The best reading order if you want to dive into Sarah J. Maas' 16 books, from 'A Court of Thorns and Roses' to 'The Assassin's Blade'

Tesla profits drop 16% as Elon Musk faces continued backlash

Ukraine is pumping millions of dollars into drones built to kill the Russian ones attacking its cities

High beef prices will likely linger, even after cookout season ends

Donald Trump is suing Rupert Murdoch. That doesn't mean the case will make it to court.