Shares of Google-parent Alphabet are slumping after the company reported disappointing cloud revenue, while competitor 's stock popped as it beat expectations.Alphabet stock dropped 6 percent in extended trading after the company reported results after the bell on Tuesday, while Microsoft shares jumped as much as 5 percent.'s parent company reported overall revenue of $76.69 billion, up 11 percent and returning to double digits for the first time in a year — but the results were overshadowed by cloud revenue growth that missed analyst expectations.
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