Among the "Magnificent Seven" stocks that have reported earnings, only Alphabet rose in after-hours trading
Odaily Planet Daily News As four of the "Magnificent Seven" U.S. tech stocks released their earnings reports after the market close, only Alphabet (GOOGL.O) seemed to perform well enough to please investors. Alphabet's first-quarter revenue grew by 22%, approaching $110 billion, exceeding analysts' expectations. Net profit was $62.6 billion, a year-on-year increase of 81%. Additionally, the company's fiscal year 2025 sales reached a record $403 billion, with profits of approximately $132 billion. After exceeding expectations, Alphabet's stock price rose by 3.9%. Unsurprisingly, its CEO Sundar Pichai attributed most of the company's growth to the AI investments supporting it. Amazon, Meta Platforms, and Microsoft also reported strong growth, but their stock prices fell, with Meta dropping over 5%. Meta's sales guidance met expectations, and it also raised its capital expenditure plan for this year, reflecting rising component prices and, to a lesser extent, additional data center costs.
