Among U.S.’s ‘Magnificent Seven’ Stocks Reporting Earnings, Only Alphabet Rises in After-Hours Trading
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Author:小编   

Out of the “Magnificent Seven” stocks in the U.S., four companies have unveiled their earnings reports after the market closed. Among them, only Alphabet has managed to secure investor approval with its performance. In the first fiscal quarter, Alphabet's revenue surged by 22%, nearing $110 billion, while its net profit reached $62.6 billion, marking an 81% year-on-year increase. The company anticipates its sales to hit $403 billion and profits to soar to approximately $132 billion for the fiscal year 2025. Following these better-than-expected results, Alphabet's stock price climbed by 3.9%, with the CEO attributing this growth to the company's investments in AI. In contrast, despite reporting robust performance growth, Amazon, Meta Platforms, and Microsoft witnessed declines in their stock prices, with Meta experiencing a drop of over 5%. Meta's sales guidance aligned with expectations; however, it has increased its capital expenditure plan for the year to cope with rising component prices and escalating costs for certain data centers.