Google Sales Accelerate as Ad, Cloud Businesses Hold Up Amid Costly AI Push

Parent company Alphabet reported $80.5 billion in first-quarter revenue, a 15% increase from a year earlier, as the company said it plans to pay a cash dividend to investors for the first time. 


 
Intel's earnings forecast fails to clear low bar, and the stock's drop continues

Intel Corp. shares dropped 8% in the extended session Thursday, adding to their rough start to the year as the chip company reported revenue slightly below Wall Street's expectations. 


 
Microsoft Earnings Rose Last Quarter, Helped by AI Demand

Microsoft's revenue and profit rose last quarter as artificial intelligence bolstered demand for its software and cloud services and it spent billions on related infrastructure. 


 
Gilead Beats Earnings Expectations After Rocky Quarter

The biotech reported a loss for the quarter of $1.32 per share, better than the FactSet consensus estimate of a loss of $1.49 per share. 


 
Snap's 2024 plans are showing signs of paying off. Shares are up more than 20%

Shares of Snap Inc. rocketed higher after hours on Thursday after the social-media platform forecast second-quarter sales that were better than expected, as it attracts more users and tries to strengthen its advertising business. 


 
Walmart Founder's Son to Retire From Retailer's Board

Walmart's former chair and long-serving board member Rob Walton, the son of the retail giant's founder, will retire from the company's board in June. 


 
Airbus Sticks to Plane-Delivery Goal, Ramps Up A350 Production

Airbus posted higher revenue and profit for the first quarter, backed its goal to deliver more planes this year than in 2023 and decided to increase production of its A350 wide-body jets, extending its lead over beleaguered rival Boeing. 


 
Toyota Makes $1.4 Billion EV Investment in Indiana Facility

The latest financing effort follows an additional $1.3 billion investment at its flagship Kentucky facility. 


 
Caterpillar Stock Falls After Earnings. Here's Why.

Caterpillar reports adjusted first-quarter earnings of $5.60 a share. Wall Street expected profit of $5.14. 


 
Southwest to Exit Four Airports, Facing Financial Weakness and Boeing Problems

Southwest Airlines is pulling out of some airports and cutting costs as it grapples with lackluster earnings and delays of new Boeing planes.


(END) Dow Jones Newswires

04-25-24 1915ET