Only Alphabet Rises After Earnings Reports Among 'Seven Giants' of US Stocks

04/29 22:10

On April 30, as four companies among the 'Seven Giants' of US stocks released their earnings reports after hours, it appeared that only Alphabet (GOOGL.O) managed to please investors. Alphabet's revenue for the first quarter grew by 22%, approaching $110 billion, surpassing analysts' expectations. The net profit reached $62.6 billion, an 81% year-over-year increase. Additionally, the company projected record sales of $403 billion and profits of approximately $132 billion for the fiscal year 2025. Following the better-than-expected performance, Alphabet's stock price rose by 3.9%, with CEO Sundar Pichai unsurprisingly attributing much of the company's growth to its AI investments. Amazon, Meta Platforms, and Microsoft also reported strong growth, but their stock prices fell, with Meta experiencing a decline of over 5%. Meta's sales guidance met expectations, and the company also raised its capital expenditure plans for the year, reflecting rising component prices and, to a lesser extent, additional data center costs.
bullishbullishbullishAlcistabearishbearishbearishBajista1Compartir
Descargo de responsabilidadEl contenido anterior no representa las posiciones de HTX.HTX no ofrece ninguna recomendación de trading.

Todos los comentarios0Lo más recientePopular

avatar
Lo más recientePopular