GOOGLE Earnings 🤬 Should I Buy or Sell⁉️
$Alphabet-A (GOOGL.US)$ Google parent Alphabet reported Q3 earnings…
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Which beat on top and bottom lines. The company’s shares rose 2-4% on the results.
Alphabet’s revenue grew 15% year over year, which is stronger than the same quarter last year.
Alphabet’s revenue grew 15% year over year, which is stronger than the same quarter last year.
The company reported blow-out cloud revenue at $11.35 billion — up nearly 35% from the $8.41 billion a year ago.
The company attributed its strong cloud results to their AI offerings, which includes subscriptions for enterprise customers.
$GOOG Alphabet Q3 FY24:
• Revenue +15% Y/Y to $88.3B ($2.0B beat).
• Operating margin 32% (+4pp Y/Y).
• EPS $2.12 ($0.27 beat).
Google Cloud:
• Revenue +35% Y/Y to $11.4B.
• Operating margin 17% (+14pp Y/Y).
YouTube ads +12% to $8.9B.
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Coach Donnie OP : $Alphabet-A (GOOGL.US)$
Coach Donnie OP : $Alphabet-A (GOOGL.US)$
Coach Donnie OP : ELECTION 🗳 COUNTDOWN: HOW THE MARKET 📉 MAY MOVE 📈 HOW WILL YOU STRATEGIZE⁉️
Coach Donnie OP : We have been here before. Remember, the stock market only exists because it makes money and multiplies wealth. In order to transfer wealth to you and your family you’ll need to be patient.
Last earnings season we saw the same thing with Megacaps and the broader stock market. But it rebounded very well in Sept and Oct. I believe Nov and Dec will be higher for the stock market. Don’t allow market manipulation to cause you to panic sell. Of course, when you buy or sell is your decision.. For me, I’m staying strong and staying long. All will be well’