
This episode discusses the positive earnings reports from Alphabet, Ford, and Chipotle, highlighting their growth and outlooks.
On this episode of Stock Movers: - Alphabet Inc. (GOOGL) reported quarterly revenue and profit that beat projections, fueled by strong growth in its cloud computing unit, signaling that the internet giant’s unprecedented investments in AI infrastructure are beginning to pay off. Google’s parent company said first-quarter revenue, excluding partner payouts, was $94.7 billion, compared with the $91.6 billion expected on average by analysts, according to data compiled by Bloomberg. The company reported earnings per share of $5.11, compared with Wall Street’s $2.62 per share estimate. Alphabet shares gained more than 7% in after-hours trading, after closing at $349.94. - Ford Motor Co. (F) boosted its full-year profit outlook on demand for high-margin pickups and SUVs while warning that an unexpected rise in commodity costs will weigh on earnings.The automaker now expects to earn between $8.5 billion to $10.5 billion before interest and taxes this year, up $500 million from its previous forecast, the company said in a statement Wednesday. Ford also widely exceeded analyst expectations for first-quarter results, with adjusted earnings of 66 cents a share compared…
Organizations: Alphabet Inc., Ford Motor Co., Chipotle Mexican Grill Inc., Bloomberg
Products: AI infrastructure
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