Shares of Google parent Alphabet Inc. (GOOGL.US) plunged in pre-market trading on Thursday (29th), while Microsoft Corporation (MSFT.US) elevated, as investors focused on spending and free cash flow data in the two tech giants' 3Q results.

Alphabet plunged about 10% in pre-market trading, while Microsoft rallied nearly 4% before the open.

If Alphabet closes down more than 9.77% on Thursday, it would mark its worst post-results share price reaction since its 2004 listing.

Microsoft reported capex and finance leases of USD45.2 billion for 3Q, up 30% YoY, but below analysts' forecast of USD50.67 billion. Free cash flow slid 27% to USD18.63 billion, but remained positive.

Meanwhile, Alphabet recorded negative free cash flow of USD9.07 billion in 3Q, far worse than analysts' expectation of negative USD2.7 billion. Alphabet maintained its full-year capex guidance of USD195-205 billion.

The market is scrutinizing AI spending plans of tech companies and focusing on returns from related investments.
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AASTOCKS Financial News
Website: www.aastocks.com

香港2026年10月29日 /美通社/ -- 復星財富國際控股有限公司（簡稱「復星財富」）宣佈，位於銅鑼灣利園山道21號的財富中心正式開幕，這是復星財富在香港開設的第8家線下門店，進一步拓展復星財富的實體服務網絡，將投資與理財服務帶到市民日常生活圈，為客戶提供更便捷的面對面交流渠道。此前復星財富門店已遍佈旺角、尖沙咀、上水、星光大道、西九龍等多個地區。

銅鑼灣門店的設立，是復星財富發展香港市場的重要一步。透過實體服務據點，客戶可進一步了解投資產品的特性及風險、熟悉平台操作，並就服務安排作出查詢。復星財富亦期望藉此更直接地了解客戶的投資習慣與財富管理需求，為持續完善產品及服務提供依據。

當日，銅鑼灣財富中心開幕典禮以簡約而隆重的形式舉行，並安排舞獅表演，為門店正式投入服務揭開序幕。

多元投資及理財產品，回應不同階段的財富需求

復星財富以線上線下相結合的方式，積極為香港市民提供綜合財富管理服務。其線上財富管理平台——星財富App提供涵蓋股票、基金、債券及結構性產品的多元投資與理財選擇，回應投資者在財富累積、流動資金管理、資產配置及收入安排等不同階段的需求。客戶可按自身財務狀況、投資目標、投資年期及風險承受能力，評估不同產品的適用性，規劃相應的投資安排。

在股票投資方面，星財富App提供港美股及滬深港通下的北向股票交易服務，並設有美股碎股交易及定期投資功能，讓客戶按資金安排分階段參與市場。基金產品涵蓋股票型、債券型、混合型及貨幣市場基金；「現金通」則透過貨幣市場基金相關功能，為客戶提供閒置資金管理選擇。平台亦提供政府債券、企業債券等固定收益產品，以及不同類型的結構性產品。

AI支援資訊整合與投資研究，提升客戶分析效率

星財富App持續發展AI能力，將人工智能應用於市場資訊、投資研究及客戶服務，協助客戶減省搜尋、整理及比對資料的時間，更有效地掌握影響投資判斷的關鍵資訊。

透過AI智能助手StarAI，客戶可使用日常語言提出投資研究需求，並透過多輪追問逐步釐清分析重點。AI個股分析則整合行情、財報、事件及估值等資訊，配合財報解讀、基金持倉分析及風險解讀，協助客戶了解企業表現、辨識持倉風險，為比較投資選擇及檢視資產配置提供資訊參考。

在資訊方面，星財富App運用AI製作及整合市場內容，涵蓋特朗普政策動向、ARK旗下基金持倉調整、每日收市榜單及股價異動圖文，便利用戶追蹤政策事件、機構持倉變化及市場走勢。相關資訊與分析工具相互配合，讓客戶由了解市場動態，進一步展開個股及產品研究。

結合新股分析與線上線下服務，完善投資資訊支援

隨着香港新股市場交投活躍，投資者對新股研究及申購資訊的需求亦日益增加。星財富App結合AI新股分析、中籤率相關資訊及多維度評估，協助客戶梳理發行企業的業務、財務表現及估值，並了解申購安排與獲配機會，減省資料搜集時間，為評估申購選擇及資金安排提供參考。

星財富App同時提供全天候AI智能客服，讓客戶便捷地查詢平台操作及服務資訊，並結合線下門店的面對面交流，為客戶提供更連貫的線上與線下服務體驗。

復星財富將以銅鑼灣門店開幕為契機，結合多元產品、一站式財富管理平台及實體服務，逐步拓展與客戶的聯繫，並持續完善投資及理財服務，回應不同階段的財富管理需求。

關於復星財富

復星財富國際控股有限公司（簡稱「復星財富」）是復星國際（股票代號：656.HK）在香港全資控股的AI驅動全球一站式Web5（Web2+Web3）財富管理平台，為客戶提供高質量並獨具優勢的金融產品及服務。復星財富資本實力雄厚，旗下子公司持有香港證監會頒發的1、2、4、6、9號牌照以及香港保監局的保險經紀牌照，子公司復星國際證券有限公司是香港首批獲得虛擬資產交易服務牌照的券商之一。復星財富已推出星財富App、星路科技、FinChain星鏈、復星財富IFA等多個行業領先品牌。更多詳情，請瀏覽：www.fosunwealth.com 

Meitu, Inc.（Stock Code: 1357.HK）2026 Investor Day Highlights Focused AI Innovation and Global "Scale-Up"

HONG KONG, Oct. 29, 2026 /PRNewswire/ -- Meitu, Inc. (collectively, "Meitu" or "Company" and stock code: 1357.HK), a global leading provider of AI-powered photo, video, design and productivity solutions, held its 2026 Investor Day on October 26. Mr. Xinhong Wu, Founder, Chairman and CEO, appeared together with management including Mr. Gary Ngan, CFO and Company Secretary, and Mr. Jianyi Chen, CPO and President of the Imaging Products Division. They gave investors and analysts worldwide a comprehensive update on the Company's latest strategic direction in the generative AI era, its product progress, the restructured commercialisation framework and its global expansion results.

Paying Subscribers and Core Revenue Both Grew, Reaching a Four-Quarter High

As of September 2026, Meitu's global paying subscribers reached 19.83 million, with 1.39 million added in the quarter, representing the largest quarterly net increase in the past four quarters.

Paying subscribers of Applications for Productivity grew 18.3% year-on-year to 2.39 million. Annual Recurring Revenue ("ARR") for AI-driven Productivity Applications reached RMB655 million, up a strong 40.1% year-on-year.

Meitu's business performance in the third quarter of 2026 showed that revenue (unaudited) from its core photo, video and design products reached RMB1.0 billion, up 28.2% year-on-year. This reflects its strong monetisation capability and the resilience of its subscription model in generating revenue.

Strategic Focus on Validated Products, Launching a Sustained "Scale-Up" Phase

Management announced that the Company's exploration of AI innovation has entered a new stage. It will gradually narrow its exploratory scope and prioritize resource allocation to a group of core products that have validated product-market fit ("PMF"). Mr. Xinhong Wu noted that this closely resembles Meitu's experience in the early days of the mobile internet: after many experiments, the Company confirmed a clear direction and then committed to scaling it up with resources over the long term.

Among the Company's innovative products, Picchi's latest Net Billings ARR is close to US$1.4 million. MVLAND's Net Billings ARR is close to US$0.85 million, and its application is planned to launch this December. When an innovative project's ARR reaches the milestones of US$2 million and US$5 million, the Company will unlock additional strategic resources for it.

Drawing on the Fashion Consumer Goods Playbook: Features as Products

In overseas markets, consumers are long accustomed to paying for quality software subscriptions. Given the high computing costs in the AI era, Meitu will increasingly model on the commercial strategies of fashion consumer goods, treating "features as products" and making paying subscribers its core target group.

Mr. Gary Ngan, CFO, emphasised that Meitu has more new businesses that monetise through AI credits consumption, which offer greater ARPPU elasticity than traditional products. The Company is more focused on real growth in overall product revenue and net profit than on gross margin, which is merely an intermediate indicator.

Productivity Business Accelerates Overseas Expansion and Shifts Toward End-to-End Marketing Solutions

In its global strategy, Meitu now designs products for the global market right from the initial research and project inception phase.

Mr. Xinhong Wu explained that Meitu places great importance on overseas markets. Its globalisation strategy has successfully moved beyond the first stage of "language-based regions" to add "cultural regions" (for example, the Latin American cultural region represented by Brazil and Mexico), making its global operations more refined and professional. Beyond establishing local operations teams, Meitu has also built local effects design teams to understand and meet the distinct aesthetic preferences of local users. Both Kaipai, aimed at Mainland China, and Vmake Labs, aimed at international markets, delivered impressive results, with ARR for each growing by more than 100% year-on-year as of September 2026.

In addition, Mr. Jianyi Chen, CPO, said that Meitu is moving from offering productivity tools to offering complete marketing solutions. In the past, Meitu provided productivity tools, and users handled content creation and subsequent promotion themselves. With the development of AI Agent capabilities, Meitu has begun to cover the full chain from marketing planning and content production to content distribution and performance optimisation.

Mr. Jianyi Chen believes Meitu's future business model may increasingly resemble that of an AI-driven marketing services company. "Customers are no longer just purchasing a set of creation tools, but marketing outcomes that help them increase sales."

About Meitu Inc.

Founded in 2008, Meitu is an AI-driven technology company that regards "beauty" as its core ideal. Guided by our mission to "Uniting Art and Technology", Meitu is committed to creating world-class imaging products that simplify the creation of images, videos, designs, and other visual content. Meitu was listed in 2016 on the Hong Kong Stock Exchange (stock code 1357.HK). For further information, please visit: https://www.meitu.com/en.

香港2026年10月29日 /美通社/ -- 全球領先的AI影像、設計與生產力解決方案提供商美图公司（1357.HK）於10月26日隆重舉辦2026年投資者日活動。創始人、董事長兼首席執行官吳欣鸿攜手首席財務官兼公司秘书顏勁良（Gary）、首席產品官兼影像產品事業群总裁陳劍毅等管理層團隊亮相，向全球投資人與分析師全面披露了公司在生成式AI時代的最新戰略佈局、產品進展、商業化底層邏輯重構與全球化拓展成果。

付費用戶與主營收入雙增，創過去四個季度新高

截至2026年9月，美图全球付費訂閱用戶數達到1,983萬，單季度淨增約139萬，創下過去四個季度以來的新高。

其中，來自生產力應用的付費訂閱用戶數同比增長18.3%至239萬，AI生產力應用ARR達到6.55億元，同比強勁增長40.1%。

美图公司2026年第三季度業務狀況顯示，核心主營業務影像與設計產品收入達10億元，同比增長28.2%，充分印證其強勁的變現能力與訂閱模式造血韌性。

戰略聚焦已驗證產品，開啟持續「放大」期

美图公司管理層宣佈公司AI創新探索進入全新階段，將逐步收斂探索方向，將優質資源高度傾斜在一批已驗證產品市場契合度（PMF）的核心產品上。CEO吳欣鸿指出，這與美图在移動互聯網早期的經歷高度相似——經歷大量嘗試後驗證明確方向，隨後長期做資源「放大」。

目前，創新產品中Picchi最新淨流水ARR已接近140萬美元；MVLAND淨流水ARR接近85萬美元，並計劃於今年12月上線App。當創新項目ARR達到200萬及500萬美元里程碑時，公司將解鎖更多戰略資源。

参考「時尚消費品」商業策略：功能即商品

在海外市場，廣大消費者早已習慣為優質軟件訂閱付費。基於AI時代高昂的算力成本，美图後續將更多參考時尚消費品的商業策略——「功能即商品」，以獲取付費用戶為核心目標人群。

CFO顏勁良（Gary）強調，美图擁有更多基於AI算力消費變現的新業務，相比傳統產品具有更高的ARPPU彈性，公司更關注整體產品收入和純利的實質增長，而非單純的毛利率過程性指標。

生產力業務加速出海，轉向全鏈路營銷解決方案

在全球化佈局上，美图已轉變為從研討立項階段即面向全球市場。

吳欣鸿介紹，美图高度重視海外市場，全球化戰略已從第一階段的「語言分區」，成功疊加了「文化分區」（例如以巴西、墨西哥為代表的拉美文化分區），使全球化運營變得更加細致與專業。除了建立本地化運營團隊外，美图還重點組建了本地效果設計團隊，以深刻理解並契合當地用戶的獨特審美觀。面向中國市場的「开拍」與面向海外市場的「Vmake Labs」均交出了亮眼成績單，兩者截至2026年9月的ARR均同比增長超過100%。

此外，CPO陳劍毅提出，美图正從提供生産力工具，走向提供完整的營銷解决方案：過去，美图提供生産力工具，由用戶自己完成內容製作和後續推廣。隨着AI Agent能力的發展，美图開始嘗試覆蓋從營銷策劃、內容生産到內容發行、效果優化的完整鏈路。

陳劍毅認為，美图未來的業務形態可能會越來越接近一家AI驅動的營銷服務公司。「客戶購買的不再只是一套創作工具，更是能幫助他們提升銷量的營銷結果。」。

MELBOURNE, Australia, Oct. 29, 2026 /PRNewswire/ -- Contemporary Amperex Technology Co., Limited (CATL) today unveiled TENER+ in a global launch at All Energy Australia 2026, where it also showcased TENER Sodium. The company signed memorandums of understanding (MoU) with Hitachi Energy, EPEC Group and UNSW Sydney to strengthen the delivery and grid connection of utility-scale battery projects in Australia.

TENER: Engineered for long-term performance and Australia's demanding grid connection requirements

CATL's TENER+ and TENER Sodium energy storage systems are designed to deliver the reliability and long-term performance Australian utility-scale energy projects need. Engineered for harsh weather conditions, they are designed to support compliance with Australia's demanding grid connection requirements and give project financiers confidence in the reliability and long-term performance that underpin battery revenues.

TENER+ is a 9MWh ultra-high capacity energy storage system that helps developers to achieve a longer-term project value and to maximise the storage capacity of their project, TENER+ reduces the number of containers needed by up to 40% and the project footprint by 12%, making this ideal for projects that are facing land constraints. Its intelligent thermal management system supports a higher round-trip efficiency and lower auxiliary power consumption. Multiple TENER+ batteries can be simultaneously commissioned with a single click to streamline project deployment.

Designed for a 25-year lifespan, TENER+ features liquid cooling and protection for humid and coastal environments. Noise levels remain below 65 dBA at 1 metre. Its "no heat island" top-exhaust design directs hot air vertically upwards, away from adjacent units. This prevents  horizontal heat discharge and minimises thermal impact on neighbouring PCS units, allowing them to operate at full rated power even in extreme summer conditions.

TENER Sodium is the world's first mass-produced, field-validated sodium-ion battery energy storage system. It delivers more than 30MWh through its modular cabinet architecture. Built for Australia's heat, it operates in temperatures of up to 55°C and delivers more than 10,000 cycles at 45°C. It delivers 95% round-trip efficiency with an operating lifespan of more than 20 years.

Together, these energy storage systems give developers and asset owners a choice of lithium-ion and sodium-ion chemistries. Sodium is far more abundant and geographically widespread than lithium and it delivers an additional pathway for battery supply chains.

"A battery's value is measured over the entire lifespan of a project and not just on the day it's commissioned," said Zane Zhou, General Manager of CATL Australia and New Zealand.

"Developers need confidence that their batteries can handle the expected cycling to trade in the National Electricity Market and to perform throughout the lifespan of batteries installed in a utility-scale project. That is what TENER+ and TENER Sodium are designed to deliver. We're offering both sodium-ion and lithium-ion technologies to give asset owners and developers the flexibility to choose the right technology for their success."

CATL's local industry partnerships to advance Australia's clean energy transition

TENER energy storage systems solve the challenges the Australia's grid is facing as more renewable energy powers the grid. Renewables supplied a record 44.3% of the National Electricity Market's (NEM) generation in the September quarter of 2026. Grid-scale batteries supplied 8% of evening peak generation, overtaking gas-powered generation for the first time according to the Australian Energy Market Operator (AEMO).

As coal-fired power stations retire, the grid increasingly needs energy storage systems with grid-forming capability to provide voltage and frequency support. To help deliver more storage in Australia, CATL's three MoUs aim to address the challenges of a renewables-driven grid through Australian expertise and innovation.

CATL's DC battery products and Hitachi Energy's power conversion systems will form the basis of a proposed integrated offering in Australia and the Asia Pacific region. Through this partnership, the company's aim to improve compatibility, standardise project delivery and to reduce integration risk.

In Australia, CATL will collaborate with EPEC Group and the Xiamen Energy Storage Validation Research Institute (ESVL) to combine its energy storage technology, with EPEC's grid integration and engineering delivery expertise, and ESVL's full-scale system validation. The parties aim to strengthen technical validation and accelerate the delivery of reliable, bankable and grid-compliant energy storage projects in Australia.

CATL and UNSW Sydney will also jointly develop the Centre for Integrated Renewable Energy Training and Innovation in Western Sydney, NSW. This renewable energy training and innovation centre will advance the skills and capabilities needed for Australia's clean energy transition.

Zhou added, "CATL is working with Hitachi Energy, EPEC Group, ESVL and UNSW Sydney to give our Australian customers greater confidence in how our technology is integrated, validated and supported throughout a project's life. Together, we're building the local expertise needed to deliver reliable battery projects in the long-term."

The MoUs build on CATL's work with Australian customers, including Birdwood Energy, which has selected CATL as the technology partner for the Baranduda Electrical Energy Reserve, a 400MW/1,860MWh battery near Wodonga in Victoria.

Zhou said, "Our commitment to Australia goes beyond supplying energy storage systems. We're investing in people, partnerships and capability, from training the next generation of renewable energy professionals to working with our customers and partners to connect and deliver the critical projects Australia's grid needs."

CATL has led global energy storage battery shipments for five consecutive years, with a 30.4% market share in 2025, according to SNE Research. It has been on BloombergNEF's Tier 1 energy storage list every quarter since Q1 2024. CATL has more than 3,000 energy storage projects worldwide and an installed capacity of over 17GWh of projects in Australia.

香港2026年10月29日 /美通社/ -- KLN Logistics Group Limited（「KLN」；股份代號0636.HK）連續三年榮獲由環境、社會及企業管治成就大獎（「ESG獎項」）2025/2026頒發的環境、社會、企業管治基準大獎及傑出派息持續增長大獎兩大獎項。同時，KLN亦於聯合國可持續發展目標香港成就獎（「UNSDG獎項」）2026中獲頒「可持續機構 – 銅獎」，並連續第二年於2026年香港管理專業協會最佳年報大獎（「HKMA獎項」）中獲頒環境、社會及企業管治報告卓越證書。

ESG獎項及HKMA獎項分別表彰KLN穩健的管治架構、透明的環境、社會及企業管治披露、高效的風險管理，持續將可持續發展原則融入物流營運，以及創造長期價值的決心。UNSDG獎項亦表揚KLN為支持聯合國可持續發展目標，在推動環境、社會及經濟進步方面所作出的實質貢獻，充分反映其對可持續發展的承諾。

KLN執行董事及可持續發展委員會主席曹健麟表示：「我們十分榮幸能獲得這些殊榮，獎項肯定了我們對負責任及可持續業務實踐的堅定承諾。過去一年，我們進一步完善氣候風險評估、提升排放量測量能力，並推行相應減碳措施，同時支援我們所服務的社區。未來我們將繼續致力提升透明度、問責性及營運韌性，為建構更可持續供應鏈作出更大貢獻。」

ESG獎項是由環境社會及企業管治基準學會主辦，旨在嘉許在環境、社會及企業管治方面有卓越表現的企業。HKMA獎項是由香港管理專業協會主辦，致力表揚在出版及時、準確、資訊豐富及編排完善的年報上有傑出成就的企業。UNSDG獎項是由環保促進會主辦，聚焦推動環境、社會及經濟實質進展，並認可與聯合國可持續發展目標一致的機構或項目。

關於KLN Logistics Group Limited（股份代號0636.HK）
KLN是紮根亞洲的國際第三方物流服務供應商，致力提供以客戶為中心的端到端供應鏈解決方案，連繫各地市場，促進環球貿易，為全球眾多百強品牌及《財富》世界500強企業在不同行業所信賴的合作夥伴。KLN的辦事處遍布全球59個國家及地區，業務涵蓋綜合物流、國際貨運、以及電子商貿和工業項目物流等。KLN自2023年起為全球第一大亞洲至美國跨太平洋貿易航線無船承運商，以及在全球第三方物流供應商中排名第20位（Armstrong & Associates，2026年）。KLN於香港聯合交易所上市，2025 年收入*逾560億港元，並為恒生可持續發展企業基準指數成份股。了解更多，請瀏覽：www.kln.com

*僅就持續經營業務而言

HONG KONG, Oct. 29, 2026 /PRNewswire/ -- KLN Logistics Group Limited ('KLN'; Stock Code 0636.HK) is a proud winner of the ESG Benchmark Award and the Outstanding Sustainable Dividend Award at the ESG Achievement Awards (the 'ESG Awards') 2025/2026 for the third consecutive year, being recognised for its sustained dedication to environmental, social and governance excellence. KLN is also honoured with the Sustainable Organisation – Bronze Award at the UNSDG Achievement Awards Hong Kong (the 'UNSDG Awards') 2026, as well as the Certificate of Excellence in Environmental, Social and Governance Reporting at the 2026 Hong Kong Management Association ('HKMA') Best Annual Reports Awards (the 'HKMA Awards') for the second consecutive year.

The ESG Awards and the HKMA Awards acknowledge KLN's robust governance framework, transparent ESG disclosures, effective risk management and consistent integration of sustainability principles into its logistics operations and long-term value creation. Meanwhile, the UNSDG Awards commend KLN for making tangible contributions to environmental, social and economic progress in support of the United Nations Sustainable Development Goals, highlighting its commitment to sustainable development.

Davis Cho, Executive Director and Chairman of the Sustainability Committee of KLN, said, "We are honoured by these recognitions, which reaffirm our steadfast commitment to responsible and sustainable business practices. Over the past year, we have strengthened our climate risk assessment, enhanced emissions measurement and advanced decarbonisation initiatives, while continuing to support the communities we serve. Looking ahead, we remain focused on enhancing transparency, accountability and operational resilience, as we strive to increase our contributions to more sustainable supply chains."

The ESG Awards, organised by the Institute of ESG & Benchmark, recognise organisations with outstanding ESG practices. The HKMA Awards, hosted by The Hong Kong Management Association, honour exemplary achievements in publishing timely, accurate, informative and well-presented annual reports. The UNSDG Awards, organised by the Green Council, acknowledge organisations and projects that drive meaningful progress across environmental, social and economic dimensions in alignment with the United Nations Sustainable Development Goals.

About KLN Logistics Group Limited (Stock Code 0636.HK)

KLN is an Asia-rooted, global 3PL delivering customer-centric, end-to-end supply chain solutions that connect markets and power global trade, as a trusted partner to many of the top 100 global brands and Fortune Global 500 companies across a wide spectrum of industries. With a presence across 59 countries and territories, KLN offers integrated logistics, international freight forwarding, e-commerce and industrial project logistics solutions. KLN has been the global No. 1 Trans-Pacific NVOCC from Asia to the US since 2023 and ranks No. 20 among Global 3PLs (Armstrong & Associates, 2026). Listed on the Hong Kong Stock Exchange, KLN generated revenue* of over HK$56 billion in 2025 and is a constituent of the Hang Seng Corporate Sustainability Benchmark Index. Learn more at www.kln.com

*For continuing operations only

Micron Technology, Inc. (MU.US) shares escalated on Wednesday (28th), as the memory chip industry once again passed a market test.

SK hynix released earnings with an upbeat outlook, boosting positive sentiment toward the memory industry. The South Korean chip giant expects shortages of memory components to persist through 2030.

Gil Luria, head of technology research at D.A. Davidson, told MarketWatch that not only did the results far exceed expectations, SK hynix is also paving the way for large-scale shareholder returns. SK hynix announced that it will return more than KRW100 trillion, or about USD75 billion, to shareholders this year through dividends and share buybacks.

Micron is expected to launch its own large-scale shareholder return plan in December, when restrictions related to government subsidies expire and the company regains eligibility to repurchase shares.

SK hynix (SKHY.US) ADRs closed up 13.3% on Wednesday, while Micron leaped 5.9%.
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AASTOCKS Financial News
Website: www.aastocks.com

Microsoft Corporation (MSFT.US) charted a 32% increment in first fiscal quarter profit to USD36.6 billion, with adjusted EPS at USD4.89, above market expectations of USD4.73. Revenue rose 19% to USD92.3 billion, while revenue from Microsoft Azure cloud computing business elevated 48% to USD33.17 billion, beating expectations of USD32.84 billion.

Microsoft forecast Azure business growth of 49-50% for the second fiscal quarter, above market expectations of 47.6%. The company projected overall sales of USD96-97.1 billion, higher than expectations of USD95.6 billion. Spurred by the news, the company's share price soared 2.88% to USD546.3 in after-hours trading.
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AASTOCKS Financial News
Website: www.aastocks.com

Alphabet Inc. (GOOGL.US) reported weaker-than-expected third-quarter results, arousing concerns that AI is exerting pressure on its core search engine business, sending the stock lower by 9.75% in after-hours trading to USD290.52.

Alphabet's third-quarter revenue shot up 24.7% YoY to USD127.577 billion, below market expectations of USD128 billion. EPS stood at USD2.12, also below the market forecast of USD3.02, dented by a USD8.6 billion mark-to-market loss on equity investments. The company said the loss was tied to its investment in SpaceX.

Alphabet said during its earnings conference call that search revenue this quarter was affected by FX fluctuations. Query length in AI Mode is on average three times that of traditional search, but monetization capability remains weaker at the current stage.
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AASTOCKS Financial News
Website: www.aastocks.com