"Magnificent Seven" Companies Microsoft, Amazon, Alphabet, and Meta Just Reported Earnings. Here Are the Winners and Losers

Four "Magnificent Seven" companies reported net aft the marketplace closed connected April 29, resulting successful a engaged nighttime and day, arsenic investors parsed done the reports to find winners and losers.

The broader marketplace besides had an absorbing effect today, with the Dow Jones Industrial Average blasting higher by implicit 700 points, portion the Nasdaq Composite roseate marginally, arsenic of X p.m. ET.

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The 4 companies that reported past nighttime were Microsoft, Amazon, Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL), and Meta Platforms. Here were the results:

• Microsoft reported adjusted net per stock (EPS) of $4.27, beating Wall Street statement estimates by $0.21. Revenue of $82.89 cardinal bushed estimates by $1.5 billion.

• Amazon reported EPS of $2.78 bushed estimates by $1.10. Revenue of $181.5 cardinal bushed by implicit $4 billion.

• Alphabet, the genitor institution of Google, reported adjusted EPS of $2.62, missing estimates by a penny. Revenue of astir $110 cardinal bushed estimates by $2.7 billion.

• Meta reported adjusted EPS of $7.31, beating estimates by $0.52. Revenue of astir $56.3 cardinal bushed estimates by $860 million.

While immoderate companies bushed estimates by much than others, determination are intelligibly different factors impacting the market's absorption to these earning prints. Here are the winners and losers.

Companies that walk large request to amusement adjacent bigger results

As of this writing, the marketplace had rewarded Alphabet, sending its banal up astir 8%. The different 3 stocks were each successful the red. Amazon was down astir 1.7%, Microsoft was down 5%, and Meta was down astir 9%.

All 4 companies raised their superior expenditure guidance for the year, signaling that investments successful AI infrastructure are not slowing. The unreality providers besides reported staggering growth. Microsoft said its Azure unreality concern saw gross surge astir 40% twelvemonth implicit year, supra estimates.

Amazon Web Services (AWS) reported gross maturation of 28%, 200 ground points (2%) supra estimates. Google took the cake, reporting unreality gross up 63% twelvemonth implicit year, up of Wall Street's 47% maturation estimate. Google Cloud's backlog besides astir doubled to $460 billion.

While this is surely affirmative for the artificial quality assemblage arsenic a whole, AI-capex investments are besides starting to truly devour into escaped currency travel (FCF), which is wherefore the barroom is seemingly acceptable truthful high.