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Despite strong earnings, Alphabet's shares fell 1.3% on reports of top executives selling shares.
Alphabet's shares fell 1.3% on Monday, trading between $177.55 and $178.20.
Despite this, the company reported strong earnings of $2.81 per share, surpassing analysts' estimates by $0.79.
Revenue was up 12.0% compared to the previous year, reaching $90.23 billion.
The company's CEO and director sold a combined 43,000 shares recently.
Alphabet operates through Google Services, Google Cloud, and Other Bets segments, offering various products globally.
Institutional investors own 27.26% of the stock, with insiders owning 12.99%.
Analysts predict 8.89 earnings per share for the current fiscal year.
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A pesar de las fuertes ganancias, las acciones de Alphabet cayeron un 1,3% debido a los informes de que los altos ejecutivos vendían acciones.