Among the "Magnificent Seven" stocks that have released their earnings, only Alphabet rose after hours
Odaily Planet Daily News As four of the "Magnificent Seven" stocks released their earnings after hours, it seems only Alphabet (GOOGL.O) performed 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, a year-over-year increase of 81%. Additionally, the company's fiscal 2025 sales reached a record $403 billion, with profits hitting approximately $132 billion. After exceeding expectations, Alphabet's stock price rose 3.9%, and its CEO Sundar Pichai unsurprisingly attributed most of the company's growth to the AI investments underpinning it. Amazon, Meta Platforms, and Microsoft also reported strong growth, but their stock prices fell, with Meta dropping more than 5%. Meta's sales guidance met expectations, and it also raised its capital expenditure plan for this year, reflecting rising component costs and, to a lesser extent, additional data center costs.
