Alphabet Lifted by Cloud Computing Unit, Ford Motors Forward Due to Full-Year Outlook, Chipotle Spices It Up with Protein

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 with 19 cents expected by Wall Street.
- Chipotle Mexican Grill Inc. (CMG) eked out higher sales last quarter, suggesting the chain is starting to win back diners who previously balked at the rising price of its burritos.Sales at established locations rose 0.5% thanks to a higher volume of orders, aided by the popularity of its chicken al pastor and extra servings of protein. That surpassed the decline of almost 1% that analysts polled by Bloomberg had anticipated. The company maintained its guidance for flat full-year comparable sales.

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