Stocks to Watch Friday: Alphabet, Microsoft, Intel -- WSJ

Dow Jones04-26

By Patricia Kowsmann

Alphabet $(GOOG)$, $(GOOGL)$: Googles parent said quarterly profit jumped by more than half and announced its first cash dividend. Shares soared 11% ahead of the opening bell.

Microsoft $(MSFT)$: The software company reported quarterly results that beat Wall Street estimates for sales and revenue. Shares rose 4% premarket.

Intel $(INTC)$: The chip maker reported a quarterly loss and disappointing outlook amid a multi-year turnaround effort. Shares sank 7% premarket.

Snap (SNAP): The company behind Snapchat reported 21% revenue growth in the first quarter, blowing past market expectations and its own guidance. Shares jumped 23% ahead of the opening bell.

Anglo American (UK: AAL): The miner rejected a $38.8 billion takeover bid from rival BHP (UK: BHP, BHP), saying the proposal undervalues its shares and is unattractively structured. Its stock slipped in London. BHP's dropped more than 4%.

CVC Capital Partners (NL: CVC): The private-equity companys stock began trading on the Amsterdam stock exchange, surging from the price set in its initial public offering.

Earnings are due from Exxon Mobil $(XOM)$ and Chevron $(CVX)$, among others, ahead of the market open.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

April 26, 2024 04:42 ET (08:42 GMT)

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