By WSJ Staff
Blue Owl Capital reported quarterly results that beat Wall Street expectations, with stronger overall fundraising offsetting continuing stalled growth at its flagship private-credit unit. Shares rose 9.8%.
Alphabet $(GOOGL)$: The Google parent reported a 22% surge in first-quarter revenue and an 81% jump in net income as the artificial-intelligence race fuels growth of its cloud business. Shares jumped close to 10%.
Qualcomm $(QCOM)$: Shares of the semiconductor company jumped 15% after it said it is entering the lucrative data-center market and working with a leading hyperscaler to provide custom chips. The update came as the company also reported higher revenue in its latest quarter.
Meta Platforms (META): The tech giant reported its biggest quarterly revenue jump in nearly five years, but it was overshadowed by the company's plans to spend even more money to build out AI data centers. Shares slid more than 8%.
Eli Lilly $(LLY)$: The drugmaker's stock rose 10% after the company reported upbeat first-quarter results. Revenue rose 56%, fueled by growth for the company's GLP-1 drugs Mounjaro and Zepbound.
Universal Music Group (NL:UMG): The company behind Lady Gaga and Taylor Swift reported weaker-than-expected revenue and earnings for the first quarter, despite resilience in subscriptions and streaming. Shares slid 8% in Amsterdam.
Microsoft $(MSFT)$: The company reported robust cloud growth and an increase in paid AI subscribers, and said it expects 13% to 15% revenue growth in the June quarter. It also said capital spending will increase 61% this year compared to 2025. Shares slipped 3.9%.
Apple $(AAPL)$ reported that quarterly revenue from iPhones rose 21.7% as customers, excited by the iPhone 17 lineup, continued their brisk pace of upgrades. The overall results, including quarterly sales and gross profit margin, exceeded Wall Street expectations.
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(END) Dow Jones Newswires
April 30, 2026 16:59 ET (20:59 GMT)
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