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