News Highlights: Top Company News of the Day - Thursday at 5 PM ET

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 making 'steady progress,' but revenue miss drags down stock by 8% 
 

Intel Corp. shares dropped nearly 7% in the extended session Thursday, adding to their rough start to the year as the chip company reported revenue slightly below Wall Street expectations.

 
Microsoft Earnings Rose Last Quarter, Helped by AI Demand 
 

Microsoft's revenue and profit rose last quarter as excitement about artificial intelligence bolstered demand for its software and cloud services.

 
Gilead Beats Earnings Expectations After Rocky Quarter 
 
 
Snap shares rocket more than 20% higher on brighter second-quarter forecast 
 

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.

 
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.

 
Mining Giants Weigh $39 Billion Megadeal 
 

Mining giant BHP has offered to buy longtime rival Anglo American in a deal that could reshape the global industry.

(END) Dow Jones Newswires

April 25, 2024 17:15 ET (21:15 GMT)

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