1. Google's revenue hit $102.4B, exceeding expectations of $99.85B. 2. Google Cloud revenue surged by 34% to $15.2B during Q3. 3. GOOGL's EPS of $2.87 surpassed projections of $2.27. 4. Meta's stock fell 8% after disappointing Q3 earnings results. 5. Analysts prefer Meta due to its stronger revenue growth and margins.
Google's strong quarterly performance indicates robust business momentum, akin to successful historical quarters that drove sustained growth.
The strong earnings and growth figures are critical indicators of GOOGL's potential market performance, especially in AI.
The immediate market reaction post-earnings is likely to sustain GOOGL's positive momentum, reflecting short-term investor sentiment.