Alphabet Shares Drop 7% After Q2 Earnings Beat, Cloud Backlog Hits $514 Billion
GOOGL fell despite 199% EPS growth and 24% revenue increase, with cloud backlog rising to $514 billion sequentially. Alphabet (NASDAQ:GOOGL) shares declined 7% after reporting Q2 earnings that surpassed expectations, with EPS rising 199% and revenue growing 24% year over y