🔴 Google is trading 11% down in pre-market after revenue and EPS missed forecasts

Google is trading at $287.65, down 10.64% in pre-market after Q3 revenue and adjusted EPS missed estimates.

• Q3 revenue was $127.6 billion, below the $128.2 billion estimate; adjusted EPS of $2.67 missed the $3.02 forecast.
• Core advertising revenue fell short of expectations. Heavy AI investment drove negative free cash flow and heightened investor concern about spending.
• Google Cloud revenue grew 103% to $30.71 billion, but that strength did not offset broader earnings concerns.