Alphabet misses on earnings and revenue for second quarter

Alphabet reported weaker-than-expected earnings and revenue for the second quarter.

Here's how the company did:

Earnings per share (EPS): $1.21 vs $1.28 expected, according to RefinitivRevenue: $69.69 billion vs $69.9 billion expected, according to RefinitivYouTube advertising revenue: $7.34 billion vs. $7.52 billion expected, according to StreetAccountGoogle Cloud revenue:  $6.28 billion vs. $6.41 billion expected, according to StreetAccount.Traffic acquisition costs (TAC): $12.21 billion vs $12.41 billion expected, according to StreetAccount

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