Got hit again, market expectations were really too high! 🥹

$GOOG's earnings report had many highlights, such as the cloud business exceeding expectations significantly, soaring 82%, with cloud backlog orders reaching $514 billion. EPS was 9.11, which also greatly exceeded expectations. As shown in
Figure 2, all the data 📊 looks great!

However, the stock price fell 📉 by 3% in after-hours trading, with two issues. One is capital expenditure; Google raised its full-year capital expenditure guidance to $195 billion to $205 billion, exceeding the previous $180 billion to $190 billion.

The other issue is free cash flow, which recorded negative cash flow for the first time in nearly a decade, at -$5.855 billion!

Short-term trapped, it seems like betting on this quarter's earnings report incurs more losses than gains (yesterday Dell did fairly well). Hang on to Google for the long term, believe in Buffett's insight! 😄

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