Alphabet and Tesla Report Mixed Earnings Amid Market Reactions

Alphabet Inc. reported stronger-than-expected earnings for the latest quarter, posting $1.89 per share on revenues of $84.74 billion, surpassing analyst estimates of $1.84 per share and $84.19 billion in revenue. In contrast, Tesla's adjusted earnings per share fell short at 52 cents, below the anticipated 62 cents, although its quarterly revenue of $25.5 billion exceeded the $24.77 billion forecast. Visa experienced a decline in its stock, dropping over 2% after reporting fiscal third-quarter revenues of $8.9 billion, which slightly missed the $8.92 billion expected by analysts. Conversely, Seagate Technologies saw a positive market response, with shares rising more than 6% following an earnings and revenue beat in its fiscal fourth quarter, outperforming estimates of 75 cents per share and $1.87 billion in revenue. Texas Instruments also exceeded expectations, recording earnings of $1.22 per share against a consensus estimate of $1.17. Meanwhile, Mattel's shares advanced over 1% despite reporting second-quarter revenues of $1.08 billion, which fell short of the $1.1 billion forecast. The company’s earnings of $2.32 per share were higher than the previous year but did not meet the $2.41 per share prediction. Enphase Energy reported adjusted earnings of 43 cents per share, slightly below the consensus estimate. However, shares rose due to better-than-expected margins and an optimistic third-quarter revenue forecast of $370 million to $410 million, surpassing the $404 million analyst estimate.