Google Shines In Q3 Earnings Beating Expectations But Falls 11% Amid Stock Volatility!
Portfolio Pulse from Zaheer Anwari
Alphabet Inc Class A (NASDAQ:GOOGL), Google's parent company, reported Q3 earnings that exceeded expectations with earnings per share of $1.55, surpassing the forecasted $1.45. Despite the strong earnings, Alphabet's stock fell by 11.8% since the earnings announcement. The stock price has reached a significant support level at $122, which could potentially boost the stock upward.
October 27, 2023 | 3:51 pm
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Alphabet's stock fell by 11.8% despite strong Q3 earnings. The stock price has reached a significant support level at $122, which could potentially boost the stock upward.
Despite reporting strong Q3 earnings that exceeded expectations, Alphabet's stock fell by 11.8%. This is likely due to overall market volatility and underperformance of Google's cloud business. However, the stock price has reached a significant support level at $122, which could potentially boost the stock upward if it holds.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100