Alphabet — Sold on the Cash Line

Google Cloud revenue grew 103%. Total revenue grew 25% and operating income 30%. Alphabet shares still fell about 10% after hours on Wednesday night.

Pattern alerts

• GOOGL fcf-negative-second-quarter-sold-through-its-line-after-hours BEARISH

• MSFT paid-on-the-same-night-azure-plus-48-percent BULLISH

• NOW two-cent-eps-miss-repriced-the-multiple-minus-18-percent BEARISH

• AMZN next-cloud-reporter-tonight-window-starts-at-the-close NEUTRAL

The explanation sits further down the statements: free cash flow, the cash…