Alphabet Survives AI (For Now)

And, Intel confronts "uncertainty."

April 25, 2025

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Alphabet Survives AI (For Now)

Google parent Alphabet $GOOGL ( ▼ 0.85% ) jumped 4.82% in after-hours trading on Thursday after posting better-than-expected financial earnings results.

Financials: Alphabet reported earnings of $2.81 per share and revenue of $90.2 billion in the past quarter; both were better than expected.

Powering the Story: Despite new AI-based search competitors, Alphabet reassured investors that its search business was healthy. Revenue for search grew to $50 billion. CEO Sundar Pichai said the search business is seeing good engagement from AI Overviews.

Early Bird’s Nest Egg Gains: Alphabet’s search business, long the dominant gateway to the internet, is facing unprecedented disruption from AI competitors and shifts in user behavior.

Final Thoughts: Investors were also pleased on Thursday that Alphabet increased its dividend by 5% and announced a $70 billion stock buyback to boost the stock price.

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Notables

Notable Earnings Today: AbbVie (NYSE: ABBV), SLB (NYSE: SLB), Colgate-Palmolive (NYSE: CL), Phillips 66 (NYSE: PSX), Saia (Nasdaq: SAIA), AutoNation (NYSE: AN), HCA (NYSE: HCA), Centene (NYSE: CNC), Avantor (NYSE: AVTR), Charter Communications (Nasdaq: CHTR), LyondellBasell (NYSE: LYB), Aon (NYSE: AON), Flagstar Financial (NYSE: FLG), Gentex (Nasdaq: GNTX), Hilltop Holdings (NYSE: HTH), Lazard (NYSE: LAZ), Moog (NYSE: MOG.A), PHINIA (NYSE: PHIN), Portland General Electric (NYSE: POR), Sensient (NYSE: SXT), Stellar Bank (NYSE: STEL), TriNet Group (NYSE: TNET).

Notable IPOs Today: SS Innovations International Inc. Common Stock (Nasdaq: SSII), Phoenix Asia Holdings Limited Ordinary Shares (Nasdaq: PHOE), BriaCell Therapeutics Corp. Warrant (Nasdaq: BTCXZ), Crane Harbor Acquisition Corp. Units (Nasdaq: CHACU), Inflection Point Acquisition Corp. III Units (Nasdaq: IPCXU).

Notable Equity Crowdfunding Campaigns Ending Today: N/A.

Notable Economic Events Today: Michigan Consumer Expectations / Sentiment (10:00 a.m. ET).

Intel Confronts "Uncertainty"

Despite posting good financial earnings results on Thursday, Intel $INTC ( ▼ 1.18% ) fell 5.12% in after-hours trading.

Financials: Intel reported earnings of 13 cents per share and revenue of $2.41 billion in the past quarter; both were better than expected.

Powering the Story: The company’s outlook for the current quarter disappointed investors. CFO David Zinsner said the "current macro environment is creating elevated uncertainty across the industry.”

Final Thoughts: It’s a bad look for Intel as the company is trying to stage a comeback.

Skechers Withdraws Financial Outlook

The footwear and apparel company Skechers USA $SKX ( ▼ 1.36% ) sank 6.71% in after-hours trading on Thursday after posting mixed financial earnings results.

Financials: Skechers reported earnings of $1.34 per share in the past quarter, which was better than expected. Revenue was only $2.41 billion, which was lower than expected.

Powering the Story: The company withdrew its previous financial outlook due to new global trade policies (aka Tariffs).

Final Thoughts: Skechers was already down nearly 25% this year.

Traveling to Nowhere: Airlines’ Muddy Outlook Sparks Anxiety Across Travel Industry (Wall Street Journal)

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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.