Alphabet Rises, Apple Lower, Skechers Drops After Pulling Forecast
On this episode of Stock Movers:- Alphabet (GOOGL) shares rise after the company reported first-quarter revenue and profit that exceeded analysts' expectations, driven by strength in its search advertising business. Google Cloud brought in operating profit of $2.18 billion, beating analysts’ estimates for $1.94 billion despite slightly missing expectations on sales. The results indicate that Google may be eking out more profits from Cloud even as sales slow. - Apple (APPL) shares edged lower despite news it is seeking to import most of the iPhones it sells in the US from India by the…
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