Alphabet reported an EPS of $5.11, surpassing estimates by 94%, with revenue of $109.90 billion, a 22% year-over-year increase, and Google Cloud growth of 63%. The stock surged 30% in a month, establishing a benchmark for the remaining Mag 7 companies. Tesla, Apple, and Meta reported earnings that fell short of matching Alphabet's trifecta of headline beat, growth, and cloud acceleration, despite some positive metrics in their performances.
"Alphabet's earnings report showcased an EPS of $5.11 against a $2.63 estimate, marking a 94% surprise, with revenue reaching $109.90 billion, a 22% increase year-over-year."
"Tesla's Q1 results included a non-GAAP EPS of 41 cents, beating estimates by 14%, but net income was only $477 million, indicating challenges despite some growth."
"Apple achieved an EPS of $2.01, surpassing estimates, with revenue of $111.184 billion, but its growth rate and surprise were not on par with Alphabet's performance."
"Meta's EPS of $10.44 exceeded estimates significantly, but an $8.03 billion tax benefit inflated results, leading to market skepticism despite a strong revenue increase."
Read at 24/7 Wall St.
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