With the respite in U.S. tariffs on key countries, investors could turn their attention to earnings. But Alphabet earnings failed to lift the mood.
Google's Munich headquarters on Jan. 31, 2025 in Munich, Germany. The company's development center is located in Arnulfpark. More than 2,500 employees work for the US company at various locations in Germany.This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are.
With the temporary respite in U.S. tariffs on key countries, investors could turn their attention to earnings. But what they saw on Tuesday wasn't likely to comfort them after the turmoil wreaked by tariffs. Investor disappointment was immediate: Shares of both companies slumped in extended trading, signaling that corporate fundamentals remain critical to stock performance., causing shares to fall around 7% in extended trading. CEO Sundar Pichai said in the earnings release that Google expects to invest "approximatelymissed estimates, while net income dropped to $482 million from $667 million a year ago. Shares of AMD slumped nearly 9% in extended trading.by Asahi Shimbun, citing sources.
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