Loading...
Google's Q3 revenue for 2021 reached $65.1 billion, marking a significant increase compared to previous years. However, Google's stock, symbolized by $GOOGL, started trading down more than 8% with a market cap drop of $150 billion overnight. The stock dropped due to cloud revenue missing market expectations by $0.23 billion. This decline caused Google's stock to experience its worst day since March 2020, erasing nearly $200 billion in market cap. The widespread drop in tech stocks resulted in a combined loss of over $500 billion for the 7 largest tech stocks in the S&P 500. Despite Google beating earnings, concerns over cloud growth led to the negative market reaction. Google Cloud's revenue reached $8.4 billion, up 22% from the same quarter last year, but slightly below Wall Street expectations.
BREAKING: Google stock, $GOOGL, is now down by 10% posting its worst day since March 2020. Nearly $200 billion in market cap has been erased today alone. The 7 largest tech stocks in the S&P 500 have lost more than a combined $500 billion today. This is the most widespread… https://t.co/Y9oBpMl6NV https://t.co/1NcZx3b7eM
Google beats earnings nicely but creates a bloodbath over cloud growth concerns. Seems a bit of an over reaction for record numbers... Then again Microsoft is winning with the AI cloud, it's up nicely in a horrid day for stocks so far... $MSFT $GOOG
GOOGLE SHARES ARE NOW DOWN OVER 9% TODAY AFTER IT REPORTED ITS EARNINGS THIS IS THE BIGGEST DROP SINCE THE COVID CRASH IN 2020 $GOOGL $GOOG https://t.co/pjFwm6cuk8
Google $GOOG $GOOGL is trading lower after reporting earnings yesterday. - Q3 revenue increased 11% YoY to $76.69B - Search revenue = $44B - YouTube ads = $8B - Google Cloud = $8.41B https://t.co/A7hr6GQ9pT
Google $GOOGL is starting trading today down more than 8% with its market cap dropping by $150 Billion overnight https://t.co/UZgPMSSnQB
Google Cloud Hits $8.4B In Sales As CEO Pichai Touts AI: https://t.co/lE8nmEqYWp Google Cloud revenue was up 22% from the same quarter last year. Alphabet stock sank 6% in after-hours trading Tuesday as cloud revenue came in slightly below Wall Street expectations. $GOOGL
$GOOGL is down 6% after earnings. 👀 However, in markets, context is everything. Zoom out and you'll see $GOOGL is barely at 1-month lows despite the drop. 🤔 Zoom out even more and you'll see Google is up 46% since the start of the year. That translates to a market cap near… https://t.co/0YWc0LhwU6 https://t.co/KXohiYN6df
$GOOGL (-5.9% pre) Google Earnings Beat, Shares Tumble As Cloud-Computing Growth Misses https://t.co/hn6RRZAEfn
History of Google's $GOOGL Q3 revenue 2004: $805.9M 2005: $1.6B 2006: $2.7B 2007: $4.2B 2008: $5.5B 2009: $5.9B 2010: $7.3B 2011: $9.7B 2012: $13.3B 2013: $13.8B 2014: $16.5B 2015: $18.7B 2016: $22.4B 2017: $27.8B 2018: $33.7B 2019: $40.5B 2020: $46.2B 2021: $65.1B 2022: $69.1B… https://t.co/ktIHg4aie1
Why is $GOOGL down? Despite revenue from advertising rebounding into the double digits, the stock dropped as cloud revenue missed market expectations by $0.23 billion.