Google Stock Slides, Still Touts Cloud

4/21/2016 50% 50% Even as Wall Street was knocking down Google’s stock, following what some considered a disappointing first quarter (earnings ONLY rose 20% and revenue was ONLY up by $3 billion-plus), the CEO of Google’s parent company, Alphabet, continued to tout its enterprise cloud initiative to analysts, saying Google is “getting into much deeper conversations” with cloud users. Google’s stock was down about 6% after the earnings results showed Alphabet Inc. ‘s consolidated revenue rose to $20.26 billion from $17.26 billion and earnings per share excluding one-time items reach $7.97. Both things fell just short of analyst expectations. Google CFO Ruth Porat cited a negative foreign currency impact of $762 million, due to the strong US dollar but also reported a larger operating loss from Alphabet’s “other bets” of…

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