$Alphabet(GOOG)$ smashed expectations in its Q3 2024 earnings, achieving a robust 15% year-over-year revenue increase to $88.3 billion, with an EPS of $2.12 beating analysts' estimate of $1.84. These impressive numbers are more than just a snapshot of a successful quarter; they reflect Alphabet's ongoing commitment to AI innovation, diversified revenue streams, and robust performance in Google Services and Google Cloud. For the quarter, Alphabet’s total revenue jumped from $76.7 billion in 2023 to $88.3 billion in 2024, driven by a 13% rise in Google Services revenue and an impressive 35% boost in Google Cloud. Operating income climbed 34% to $28.5 billion, expanding the operating margin by 4.5 percentage points to 32%. This margin expansion is a
Big Tech Earnings: Who is the Winner Among Mag 7?
Amazon's Q3 profit far exceeded expectations, driven by accelerated cloud growth. The company indicated that capital expenditures may be higher next year, leading to a nearly 6% increase in after-hours trading. Both Microsoft and Meta dropped by 4% following their earnings reports. Although financial results met expectations, management indicated that upcoming AI spending would increase. ------------------- Will Amazon hit all-time-high this week? MSFT and META: Goog Buy or Good Bye After 6% Drop?
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