Google parent Alphabet (GOOGL, GOOG) reported third quarter results that topped Wall Street expectations. The tech giant reported adjusted earnings of $1.55 per share versus estimates of $1.45 and revenue of $64.05 billion compared to expectations of $63.04 billion. Revenue for its cloud unit, however, fell short, $8.41 billion compared to the estimate of $8.6 billion. Roth MKM Managing Director Rohit Kulkarni joins Yahoo Finance anchors Julie Hyman and Josh Lipton to break down earnings. Kulkarni describes the quarter as having “a lot of positives with a slight yellow flag.” When it comes to AI, Kulkarni describes how Google is considered a “godfather of AI,” but that they “lost the mojo with AI earlier this year and they are starting to regain some of it back… they’re still in search of that killer AI app.” Watch the video above to find out what Kulkarni has to say about Alphabet’s search for a new CFO.
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