"Alphabet and Microsoft Face Wall Street Punishment Despite Earnings Beats"

Despite reporting revenue and earnings that exceeded estimates, Alphabet and Microsoft saw their stocks sell off in extended trading as Wall Street reacted to the quarterly results with disappointment, indicating that the stocks were priced for perfection. Both companies beat expectations in their cloud businesses, but Alphabet's ad business fell short of estimates, leading to a drop of almost 6% in its shares, while Microsoft's drop was less severe. Attention now turns to Amazon, Apple, and Meta, which are set to report quarterly results.