Amazon disappoints, Alphabet beats
Earnings from two big names after the bell: Amazon's profit and outlook disappoint Wall Street while Alphabet, Google's parent's revenue impresses. Jeanne Yurman reports.
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Bloomberg•Intel reports better than expected Q1 earnings but falls short on revenue outlook. Stock slides more than 5%.
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Alphabet announced its first-ever dividend on Thursday and a $70 billion stock buyback, cheering investors who sent the stock surging nearly 16% after the bell. The Google parent is returning capital while spending billions of dollars on data centers to catch up with rivals on generative artificial intelligence. The dividend will be 20 cents per share.
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